LuxUrban Hotels Inc. (NASDAQ:LUXHP) Sees Significant Growth in Short Interest

LuxUrban Hotels Inc. (NASDAQ:LUXHP) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 3,600 shares, a growth of 414.3% from the November 15th total of 700 shares. Based on an average trading volume of 4,400 shares, the short-interest ratio is currently 0.8 days.

LuxUrban Hotels Price Performance

NASDAQ LUXHP traded up $0.67 on Wednesday, reaching $15.63. The company’s stock had a trading volume of 9,228 shares, compared to its average volume of 3,665. LuxUrban Hotels has a twelve month low of $11.89 and a twelve month high of $24.80. The firm’s 50 day moving average is $14.81 and its two-hundred day moving average is $15.03.

LuxUrban Hotels Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.2708 per share. This represents a $3.25 annualized dividend and a dividend yield of 20.79%. The ex-dividend date of this dividend is Monday, December 16th.

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.