H World Group Limited (NASDAQ:HTHT) Sees Significant Decline in Short Interest

H World Group Limited (NASDAQ:HTHTGet Rating) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 7,580,000 shares, a decrease of 7.3% from the October 15th total of 8,180,000 shares. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is presently 5.9 days. Currently, 2.4% of the shares of the stock are sold short.

Institutional Trading of H World Group

A number of institutional investors and hedge funds have recently bought and sold shares of HTHT. abrdn plc increased its position in shares of H World Group by 2.5% in the first quarter. abrdn plc now owns 18,275 shares of the company’s stock worth $594,000 after acquiring an additional 441 shares in the last quarter. M&T Bank Corp grew its position in H World Group by 4.9% in the second quarter. M&T Bank Corp now owns 66,301 shares of the company’s stock valued at $2,526,000 after acquiring an additional 3,083 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of H World Group by 0.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 291,220 shares of the company’s stock valued at $9,608,000 after purchasing an additional 2,302 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of H World Group during the second quarter worth $644,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of H World Group by 13.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 60,447 shares of the company’s stock valued at $1,994,000 after purchasing an additional 7,295 shares during the period. Institutional investors and hedge funds own 45.56% of the company’s stock.

H World Group Stock Performance

NASDAQ:HTHT opened at $37.38 on Friday. H World Group has a fifty-two week low of $21.98 and a fifty-two week high of $48.84. The firm’s 50 day moving average is $33.44 and its two-hundred day moving average is $34.52. The company has a market cap of $12.03 billion, a P/E ratio of -47.32 and a beta of 0.93. The company has a quick ratio of 0.60, a current ratio of 0.61 and a debt-to-equity ratio of 0.69.

H World Group (NASDAQ:HTHTGet Rating) last issued its earnings results on Monday, August 29th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The firm had revenue of $504.00 million during the quarter, compared to analysts’ expectations of $510.18 million. H World Group had a negative return on equity of 15.16% and a negative net margin of 12.25%. Analysts expect that H World Group will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HTHT. StockNews.com downgraded shares of H World Group from a “hold” rating to a “sell” rating in a report on Monday, November 7th. HSBC dropped their price target on shares of H World Group from $52.20 to $46.90 and set a “buy” rating on the stock in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.97.

About H World Group

(Get Rating)

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.

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