LuxUrban Hotels Inc. (NASDAQ:LUXHP) Sees Large Drop in Short Interest

LuxUrban Hotels Inc. (NASDAQ:LUXHP) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,400 shares, a drop of 29.4% from the December 15th total of 3,400 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 0.6 days.

LuxUrban Hotels Stock Down 7.7 %

LuxUrban Hotels stock traded down $1.17 during trading on Wednesday, reaching $14.03. 2,387 shares of the company’s stock were exchanged, compared to its average volume of 3,343. LuxUrban Hotels has a 52-week low of $11.89 and a 52-week high of $24.80. The company’s 50-day moving average is $15.21 and its two-hundred day moving average is $14.86.

LuxUrban Hotels Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.2708 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 23.16%.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc engages in the leasing of entire existing 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, 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.