LuxUrban Hotels Inc. (NASDAQ:LUXHP) Short Interest Up 66.7% in October

LuxUrban Hotels Inc. (NASDAQ:LUXHP) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 4,500 shares, a growth of 66.7% from the September 30th total of 2,700 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is presently 1.3 days.

LuxUrban Hotels Trading Up 5.2 %

NASDAQ:LUXHP traded up $0.72 during trading hours on Tuesday, reaching $14.52. 670 shares of the stock were exchanged, compared to its average volume of 3,360. LuxUrban Hotels has a 52 week low of $11.89 and a 52 week high of $25.20. The firm has a 50 day simple moving average of $15.17 and a 200-day simple moving average of $16.09.

LuxUrban Hotels Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.2708 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $3.25 annualized dividend and a yield of 22.38%.

About LuxUrban Hotels

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.