LuxUrban Hotels Inc. (NASDAQ:LUXH) Short Interest Up 5.3% in July

LuxUrban Hotels Inc. (NASDAQ:LUXH) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,200,000 shares, an increase of 5.3% from the July 15th total of 1,140,000 shares. Based on an average trading volume of 2,630,000 shares, the short-interest ratio is presently 0.5 days. Currently, 1.4% of the shares of the stock are sold short.

LuxUrban Hotels Price Performance

NASDAQ:LUXH opened at $0.07 on Friday. The stock has a fifty day simple moving average of $0.18 and a 200 day simple moving average of $1.12. The firm has a market capitalization of $3.11 million, a price-to-earnings ratio of -0.03 and a beta of -1.37. LuxUrban Hotels has a 1-year low of $0.07 and a 1-year high of $6.88.

Analysts Set New Price Targets

A number of analysts recently weighed in on LUXH shares. Northland Securities cut shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a report on Monday, May 6th. Maxim Group reiterated a “hold” rating on shares of LuxUrban Hotels in a research report on Wednesday, May 15th.

Insider Transactions at LuxUrban Hotels

In other LuxUrban Hotels news, Director Brian Ferdinand sold 3,820 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $18.98, for a total value of $72,503.60. Following the completion of the sale, the director now directly owns 12,981 shares in the company, valued at $246,379.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LuxUrban Hotels news, CEO Shanoop Kothari purchased 800,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average cost of $0.25 per share, with a total value of $200,000.00. Following the acquisition, the chief executive officer now owns 3,444,526 shares of the company’s stock, valued at $861,131.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Ferdinand sold 3,820 shares of LuxUrban Hotels stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $18.98, for a total transaction of $72,503.60. Following the completion of the transaction, the director now directly owns 12,981 shares in the company, valued at approximately $246,379.38. The disclosure for this sale can be found here. In the last three months, insiders purchased 1,994,116 shares of company stock valued at $435,000. Company insiders own 51.50% of the company’s stock.

Institutional Trading of LuxUrban Hotels

A number of hedge funds have recently bought and sold shares of LUXH. Quadrature Capital Ltd purchased a new stake in shares of LuxUrban Hotels in the fourth quarter valued at $139,000. Jump Financial LLC acquired a new position in LuxUrban Hotels during the fourth quarter valued at $217,000. Simplicity Wealth LLC purchased a new stake in LuxUrban Hotels in the 1st quarter worth about $98,000. Bleakley Financial Group LLC acquired a new stake in LuxUrban Hotels during the 1st quarter worth about $98,000. Finally, Calamos Advisors LLC acquired a new stake in LuxUrban Hotels during the 4th quarter worth about $714,000. 28.46% of the stock is owned by hedge funds and other institutional investors.

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.