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

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

Institutional Trading of LuxUrban Hotels

A hedge fund recently raised its stake in LuxUrban Hotels stock. Perritt Capital Management Inc raised its holdings in LuxUrban Hotels Inc. (NASDAQ:LUXH) by 87.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 320,560 shares of the company’s stock after acquiring an additional 150,000 shares during the quarter. Perritt Capital Management Inc owned 0.72% of LuxUrban Hotels worth $75,000 as of its most recent filing with the SEC. 28.46% of the stock is currently owned by institutional investors.

LuxUrban Hotels Stock Down 0.8 %

LUXH traded down $0.01 on Thursday, hitting $1.26. 159,548 shares of the company traded hands, compared to its average volume of 106,407. LuxUrban Hotels has a 12-month low of $1.14 and a 12-month high of $481.60. The stock has a market capitalization of $2.73 million, a PE ratio of -0.01 and a beta of -1.16. The company has a 50 day moving average of $3.80 and a 200-day moving average of $9.95.

LuxUrban Hotels (NASDAQ:LUXH) last announced 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.

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.