Short Interest in Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Declines By 36.6%

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 4,100 shares, a decrease of 36.6% from the April 30th total of 6,465 shares. Based on an average daily volume of 8,186 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Hotel101 Global from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Hotel101 Global

Hedge funds have recently made changes to their positions in the company. Yakira Capital Management Inc. acquired a new stake in shares of Hotel101 Global in the third quarter worth approximately $32,000. Polar Asset Management Partners Inc. acquired a new position in Hotel101 Global in the 3rd quarter valued at $88,000. Citadel Advisors LLC acquired a new position in Hotel101 Global in the 3rd quarter valued at $43,000. Hudson Bay Capital Management LP purchased a new position in Hotel101 Global in the 3rd quarter valued at $62,000. Finally, Alterna Wealth Management Inc. acquired a new stake in Hotel101 Global during the 4th quarter worth $154,000.

Hotel101 Global Stock Down 6.3%

NASDAQ:HBNB opened at $5.20 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. Hotel101 Global has a fifty-two week low of $1.55 and a fifty-two week high of $10.43. The company has a fifty day moving average of $6.62 and a two-hundred day moving average of $7.37.

Hotel101 Global (NASDAQ:HBNB) last released its earnings results on Friday, May 1st. The company reported ($0.03) EPS for the quarter. The firm had revenue of $29.47 million for the quarter.

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.