Short Interest in H World Group Limited (NASDAQ:HTHT) Expands By 21.3%

H World Group Limited (NASDAQ:HTHT) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 14,360,000 shares, an increase of 21.3% from the October 31st total of 11,840,000 shares. Based on an average daily volume of 2,030,000 shares, the days-to-cover ratio is presently 7.1 days. Approximately 4.6% of the company’s shares are short sold.

Institutional Trading of H World Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of H World Group by 716.7% during the second quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after acquiring an additional 1,075 shares in the last quarter. Headlands Technologies LLC bought a new position in H World Group in the second quarter worth approximately $91,000. Greenleaf Trust bought a new position in H World Group in the third quarter worth approximately $210,000. Jupiter Asset Management Ltd. bought a new position in H World Group in the second quarter worth approximately $373,000. Finally, Point72 Hong Kong Ltd bought a new position in H World Group in the third quarter worth approximately $418,000. Institutional investors own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

H World Group Trading Up 2.5 %

Shares of H World Group stock traded up $0.81 on Monday, hitting $32.98. 3,304,143 shares of the company traded hands, compared to its average volume of 1,895,696. The stock’s 50 day moving average price is $37.01 and its 200-day moving average price is $33.79. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. H World Group has a 52 week low of $27.03 and a 52 week high of $42.98. The company has a market cap of $10.77 billion, a PE ratio of 19.61, a PEG ratio of 0.98 and a beta of 0.77.

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.