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

by · The Markets Daily

LuxUrban Hotels Inc. (NASDAQ:LUXH – Get Free Report) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 133,200 shares, a decline of 29.7% from the December 31st total of 189,600 shares. Approximately 6.8% of the shares of the company are sold short. Based on an average daily volume of 958,700 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On LuxUrban Hotels

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

LuxUrban Hotels Stock Performance

LUXH stock opened at $0.11 on Friday. The business has a 50 day simple moving average of $0.76 and a two-hundred day simple moving average of $3.94. LuxUrban Hotels has a 1-year low of $0.09 and a 1-year high of $325.50.

LuxUrban Hotels Company Profile

(Get Free Report)

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.

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