LuxUrban Hotels Inc. (NASDAQ:LUXH) Short Interest Down 97.0% in November

LuxUrban Hotels Inc. (NASDAQ:LUXH) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 63,400 shares, a drop of 97.0% from the October 31st total of 2,140,000 shares. Based on an average trading volume of 309,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.8% of the shares of the stock are short sold.

LuxUrban Hotels Price Performance

Shares of NASDAQ LUXH traded down $0.01 during trading on Wednesday, hitting $1.26. 159,548 shares of the company were exchanged, compared to its average volume of 106,407. LuxUrban Hotels has a 1 year low of $1.14 and a 1 year high of $481.60. The company has a market cap of $2.73 million, a price-to-earnings ratio of -0.01 and a beta of -1.16. The firm’s fifty day moving average price is $3.80 and its 200 day moving average price is $9.95.

LuxUrban Hotels (NASDAQ:LUXH) last released its quarterly earnings data on Wednesday, September 25th. The company reported ($28.70) EPS for the quarter. The company had revenue of $18.19 million for the quarter, compared to analysts’ expectations of $33.20 million.

Institutional Investors Weigh In On LuxUrban Hotels

A hedge fund recently bought a new stake in LuxUrban Hotels stock. Jane Street Group LLC bought a new position in shares of LuxUrban Hotels Inc. (NASDAQ:LUXH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 321,303 shares of the company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 0.23% of LuxUrban Hotels as of its most recent filing with the Securities and Exchange Commission (SEC). 28.46% of the stock is currently owned by institutional investors and hedge funds.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.