Short Interest in LuxUrban Hotels Inc. (NASDAQ:LUXHP) Decreases By 12.9%

LuxUrban Hotels Inc. (NASDAQ:LUXHP) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 7,400 shares, a decrease of 12.9% from the August 31st total of 8,500 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is currently 2.6 days.

LuxUrban Hotels Stock Performance

LUXHP stock opened at $15.98 on Friday. LuxUrban Hotels has a twelve month low of $11.90 and a twelve month high of $25.25. The business has a 50 day moving average price of $14.93 and a two-hundred day moving average price of $17.38.

LuxUrban Hotels Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.2708 per share. This represents a $3.25 annualized dividend and a yield of 20.34%. The ex-dividend date of this dividend is Monday, September 16th.

About LuxUrban Hotels

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.