Short Interest in LuxUrban Hotels Inc. (NASDAQ:LUXHP) Declines By 82.9%

LuxUrban Hotels Inc. (NASDAQ:LUXHP) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 700 shares, a decrease of 82.9% from the October 31st total of 4,100 shares. Based on an average trading volume of 4,100 shares, the short-interest ratio is currently 0.2 days.

LuxUrban Hotels Trading Down 6.5 %

LUXHP stock traded down $0.97 during midday trading on Wednesday, reaching $14.00. The stock had a trading volume of 3,712 shares, compared to its average volume of 3,604. LuxUrban Hotels has a 52-week low of $11.89 and a 52-week high of $24.80. The company’s fifty day simple moving average is $15.08 and its 200 day simple moving average is $15.34.

LuxUrban Hotels Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.2708 per share. The ex-dividend date is Friday, November 15th. This represents a $3.25 dividend on an annualized basis and a yield of 23.21%.

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.