Short Interest in Ashford Hospitality Trust, Inc. (NYSE:AHT) Grows By 10.0%

Posted by Defense World Staff on Jul 2nd, 2024

Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 2,540,000 shares, an increase of 10.0% from the May 31st total of 2,310,000 shares. Based on an average trading volume of 378,300 shares, the days-to-cover ratio is currently 6.7 days. Approximately 6.1% of the company’s stock are sold short.

Ashford Hospitality Trust Stock Performance

Shares of AHT opened at $0.93 on Tuesday. The firm has a market cap of $39.31 million, a PE ratio of -0.29 and a beta of 2.33. The firm’s 50 day moving average price is $1.14 and its 200 day moving average price is $1.41. Ashford Hospitality Trust has a twelve month low of $0.77 and a twelve month high of $4.27.

Hedge Funds Weigh In On Ashford Hospitality Trust

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in Ashford Hospitality Trust by 97.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 28,800 shares during the last quarter. Navis Wealth Advisors LLC bought a new stake in Ashford Hospitality Trust during the first quarter valued at about $144,000. Finally, CastleKnight Management LP grew its position in shares of Ashford Hospitality Trust by 91.4% in the fourth quarter. CastleKnight Management LP now owns 1,940,458 shares of the real estate investment trust’s stock valued at $3,764,000 after purchasing an additional 926,564 shares during the last quarter. Institutional investors own 41.04% of the company’s stock.