Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Update

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,180,000 shares, a decrease of 8.5% from the September 15th total of 1,290,000 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 349,500 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AHT. PFG Investments LLC boosted its stake in Ashford Hospitality Trust by 76.1% in the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 12,888 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Ashford Hospitality Trust by 4.9% in the second quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 22,400 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Ashford Hospitality Trust by 97.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 28,800 shares during the period. Founders Financial Securities LLC acquired a new stake in shares of Ashford Hospitality Trust in the second quarter worth $29,000. Finally, Navis Wealth Advisors LLC purchased a new position in shares of Ashford Hospitality Trust during the first quarter valued at $144,000. 41.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Monday, August 12th.

Ashford Hospitality Trust Stock Down 0.9 %

Ashford Hospitality Trust stock traded down $0.01 during midday trading on Thursday, hitting $0.62. The company’s stock had a trading volume of 5,827 shares, compared to its average volume of 463,919. The stock’s 50-day moving average price is $0.84 and its 200-day moving average price is $1.03. The company has a market capitalization of $26.09 million, a PE ratio of -0.19 and a beta of 2.33. Ashford Hospitality Trust has a 12 month low of $0.53 and a 12 month high of $2.62.

Ashford Hospitality Trust’s stock is scheduled to reverse split on the morning of Friday, November 1st. The 1-10 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc, together with its subsidiaries (Ashford Trust), is a real estate investment trust (REIT). While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S.