LuxUrban Hotels Inc. (NASDAQ:LUXH – Get Free Report) was the recipient of 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. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 2,630,000 shares, the days-to-cover ratio is currently 0.5 days.

Insider Activity at LuxUrban Hotels

In other news, CEO Shanoop Kothari purchased 800,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of $0.25 per share, with a total value of $200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,444,526 shares in the company, valued at approximately $861,131.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other LuxUrban Hotels news, CEO Robert Arigo bought 176,470 shares of LuxUrban Hotels stock in a transaction dated Monday, July 15th. The stock was acquired at an average cost of $0.17 per share, with a total value of $29,999.90. Following the completion of the acquisition, the chief executive officer now owns 926,470 shares of the company’s stock, valued at $157,499.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Shanoop Kothari purchased 800,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average cost of $0.25 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders bought a total of 1,994,116 shares of company stock valued at $435,000 in the last three months. 51.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in shares of LuxUrban Hotels during the 4th quarter worth $1,532,000. Perritt Capital Management Inc grew its position in LuxUrban Hotels by 87.9% during the second quarter. Perritt Capital Management Inc now owns 320,560 shares of the company’s stock worth $75,000 after buying an additional 150,000 shares during the period. Perritt Capital Management Inc. increased its holdings in LuxUrban Hotels by 684.0% in the fourth quarter. Perritt Capital Management Inc. now owns 156,800 shares of the company’s stock valued at $936,000 after buying an additional 136,800 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of LuxUrban Hotels during the 4th quarter valued at approximately $714,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of LuxUrban Hotels during the 1st quarter worth approximately $98,000. Hedge funds and other institutional investors own 28.46% of the company’s stock.

LuxUrban Hotels Price Performance

LuxUrban Hotels stock opened at $0.07 on Friday. The stock’s 50 day moving average price is $0.18 and its 200 day moving average price is $1.12. LuxUrban Hotels has a 1-year low of $0.07 and a 1-year high of $6.88. The company has a market cap of $3.11 million, a PE ratio of -0.03 and a beta of -1.37.

Wall Street Analyst Weigh In

LUXH has been the topic of several recent research reports. Northland Securities cut shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research note on Monday, May 6th. Maxim Group reiterated a “hold” rating on shares of LuxUrban Hotels in a research note on Wednesday, May 15th.

Read Our Latest Stock Report on LUXH

LuxUrban Hotels Company Profile

(Get Free Report)

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.

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