LuxUrban Hotels Inc. (NASDAQ:LUXH) Short Interest Update

LuxUrban Hotels Inc. (NASDAQ:LUXH) was the recipient of a large decrease in short interest in 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. Based on an average trading volume of 309,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.8% of the company’s stock are short sold.

LuxUrban Hotels Price Performance

Shares of LUXH stock traded down $0.02 on Friday, hitting $1.24. The stock had a trading volume of 33,347 shares, compared to its average volume of 106,065. The business has a 50 day moving average of $3.65 and a 200 day moving average of $9.83. LuxUrban Hotels has a 12-month low of $1.14 and a 12-month high of $481.60. The stock has a market cap of $2.69 million, a price-to-earnings ratio of -0.01 and a beta of -1.16.

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

Institutional Trading of LuxUrban Hotels

An institutional investor recently raised its position in LuxUrban Hotels stock. Perritt Capital Management Inc lifted its holdings in shares of LuxUrban Hotels Inc. (NASDAQ:LUXH) by 87.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,560 shares of the company’s stock after purchasing an additional 150,000 shares during the period. Perritt Capital Management Inc owned about 0.72% of LuxUrban Hotels worth $75,000 at the end of the most recent reporting period. 28.46% of the stock is 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.