Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Sees Large Decline in Short Interest

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 11,056 shares, a decrease of 27.6% from the February 26th total of 15,270 shares. Based on an average daily trading volume, of 3,892 shares, the short-interest ratio is currently 2.8 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

HBNB has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. Weiss Ratings began coverage on shares of Hotel101 Global in a report on Monday, January 5th. They set a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hotel101 Global Stock Up 1.5%

HBNB traded up $0.12 during midday trading on Friday, reaching $7.89. The company’s stock had a trading volume of 1,870 shares, compared to its average volume of 3,445. The firm has a fifty day simple moving average of $8.06. Hotel101 Global has a twelve month low of $1.55 and a twelve month high of $10.43.

Hedge Funds Weigh In On Hotel101 Global

A number of institutional investors and hedge funds have recently bought and sold shares of HBNB. Yakira Capital Management Inc. acquired a new position in Hotel101 Global during the 3rd quarter valued at $32,000. Citadel Advisors LLC bought a new position in shares of Hotel101 Global during the 3rd quarter worth about $43,000. Hudson Bay Capital Management LP acquired a new position in shares of Hotel101 Global during the third quarter valued at about $62,000. Alterna Wealth Management Inc. bought a new stake in shares of Hotel101 Global in the fourth quarter valued at about $154,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Hotel101 Global during the third quarter worth about $88,000.

Hotel101 Global Company Profile

Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.

Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.