H World Group Limited (NASDAQ:HTHT – Get Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 10,300,000 shares, an increase of 6.1% from the October 15th total of 9,710,000 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 1,270,000 shares, the days-to-cover ratio is currently 8.1 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in HTHT. Hhlr Advisors LTD. increased its stake in shares of H World Group by 993.0% during the first quarter. Hhlr Advisors LTD. now owns 3,357,573 shares of the company’s stock worth $164,454,000 after acquiring an additional 3,050,373 shares during the period. Veritas Asset Management LLP acquired a new position in shares of H World Group during the first quarter worth about $105,356,000. Ninety One UK Ltd purchased a new stake in H World Group during the second quarter worth about $77,115,000. Norges Bank purchased a new stake in H World Group during the fourth quarter worth about $83,235,000. Finally, Federated Hermes Inc. purchased a new stake in H World Group during the third quarter worth about $72,809,000. 46.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of H World Group in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.
H World Group Trading Up 0.5 %
NASDAQ HTHT opened at $36.15 on Friday. H World Group has a one year low of $32.16 and a one year high of $53.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average is $37.26 and its two-hundred day moving average is $40.43. The firm has a market cap of $11.80 billion, a PE ratio of 73.78 and a beta of 1.01.
H World Group (NASDAQ:HTHT – Get Free Report) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. H World Group had a net margin of 6.41% and a return on equity of 10.73%. The business had revenue of $762.00 million for the quarter, compared to analyst estimates of $788.64 million. Analysts expect that H World Group will post 1.57 earnings per share for the current year.
H World Group Company Profile
H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.
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