H World Group Limited (NASDAQ:HTHT) Sees Large Decrease in Short Interest

H World Group Limited (NASDAQ:HTHT) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 13,430,000 shares, a drop of 7.1% from the November 30th total of 14,450,000 shares. Based on an average trading volume of 2,250,000 shares, the short-interest ratio is presently 6.0 days. Currently, 4.3% of the company’s shares are sold short.

Institutional Investors Weigh In On H World Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its position in H World Group by 7.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 333,542 shares of the company’s stock worth $11,153,000 after acquiring an additional 21,938 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of H World Group by 87.1% in the 3rd quarter. Fiera Capital Corp now owns 56,213 shares of the company’s stock valued at $2,091,000 after purchasing an additional 26,175 shares during the period. Van ECK Associates Corp raised its holdings in shares of H World Group by 47,317.1% in the 2nd quarter. Van ECK Associates Corp now owns 97,205 shares of the company’s stock valued at $3,239,000 after purchasing an additional 97,000 shares during the period. Bank of New York Mellon Corp lifted its stake in H World Group by 30.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 215,003 shares of the company’s stock valued at $7,164,000 after purchasing an additional 50,128 shares during the last quarter. Finally, TT International Asset Management LTD bought a new position in H World Group during the third quarter worth about $24,915,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Down 1.6 %

Shares of NASDAQ:HTHT traded down $0.54 during midday trading on Monday, reaching $32.87. The company had a trading volume of 882,997 shares, compared to its average volume of 1,897,225. H World Group has a 1-year low of $27.03 and a 1-year high of $42.98. The stock has a market cap of $10.73 billion, a PE ratio of 19.92, a P/E/G ratio of 1.09 and a beta of 0.74. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average price is $35.20 and its 200 day moving average price is $33.31.

Wall Street Analyst Weigh In

Separately, Benchmark lowered their price target on shares of H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, H World Group currently has a consensus rating of “Buy” and a consensus price target of $46.80.

About H World Group

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.