LuxUrban Hotels Inc. (NASDAQ:LUXHP) Short Interest Update

LuxUrban Hotels Inc. (NASDAQ:LUXHP) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 3,600 shares, a growth of 414.3% from the November 15th total of 700 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is currently 0.8 days.

LuxUrban Hotels Stock Up 4.5 %

LuxUrban Hotels stock traded up $0.67 during trading hours on Wednesday, hitting $15.63. The company had a trading volume of 9,228 shares, compared to its average volume of 3,665. LuxUrban Hotels has a fifty-two week low of $11.89 and a fifty-two week high of $24.80. The firm’s fifty day moving average is $14.81 and its 200-day moving average is $15.03.

LuxUrban Hotels Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.2708 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.25 annualized dividend and a dividend yield of 20.79%.

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.