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

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

LuxUrban Hotels Stock Down 3.7 %

Shares of NASDAQ:LUXH opened at $0.11 on Friday. The firm’s 50 day simple moving average is $0.76 and its 200-day simple moving average is $3.94. LuxUrban Hotels has a one year low of $0.09 and a one year high of $325.50.

Institutional Trading of LuxUrban Hotels

A hedge fund recently bought a new stake in LuxUrban Hotels stock. Jane Street Group LLC bought a new stake in LuxUrban Hotels Inc. (NASDAQ:LUXH) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 321,303 shares of the company’s stock, valued at approximately $27,000. Jane Street Group LLC owned about 0.23% of LuxUrban Hotels at the end of the most recent reporting period. Hedge funds and other institutional investors own 28.46% of the company’s stock.

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.