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

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

LuxUrban Hotels Price Performance

Shares of NASDAQ:LUXHP traded down $0.97 during trading on Wednesday, hitting $14.00. 3,712 shares of the stock traded hands, compared to its average volume of 3,604. The company has a fifty day moving average price of $15.08 and a two-hundred day moving average price of $15.34. LuxUrban Hotels has a 52-week low of $11.89 and a 52-week high of $24.80.

LuxUrban Hotels Announces Dividend

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

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.