Short Interest in Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Declines By 28.3%

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 7,929 shares, a decrease of 28.3% from the March 15th total of 11,056 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,690 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HBNB. Wall Street Zen upgraded Hotel101 Global to a “sell” rating in a research report on Saturday, January 10th. Weiss Ratings restated a “sell (d)” rating on shares of Hotel101 Global in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Hotel101 Global presently has a consensus rating of “Sell”.

Hotel101 Global Stock Up 3.0%

HBNB opened at $6.18 on Friday. The stock’s fifty day moving average price is $7.65. Hotel101 Global has a 52 week low of $1.55 and a 52 week high of $10.43.

Hedge Funds Weigh In On Hotel101 Global

Several institutional investors have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. acquired a new position in Hotel101 Global during the 3rd quarter worth approximately $88,000. Alterna Wealth Management Inc. purchased a new stake in shares of Hotel101 Global during the 4th quarter worth approximately $154,000. Hudson Bay Capital Management LP purchased a new stake in shares of Hotel101 Global during the 3rd quarter worth approximately $62,000. Citadel Advisors LLC purchased a new stake in Hotel101 Global in the 3rd quarter valued at approximately $43,000. Finally, Yakira Capital Management Inc. purchased a new stake in Hotel101 Global in the 3rd quarter valued at approximately $32,000.

About Hotel101 Global

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.