Ashford Hospitality Trust, Inc. (NYSE:AHT) Sees Significant Growth in Short Interest

Ashford Hospitality Trust, Inc. (NYSE:AHTGet Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 3,200,000 shares, a growth of 11.5% from the February 29th total of 2,870,000 shares. Based on an average trading volume of 713,600 shares, the days-to-cover ratio is presently 4.5 days. Currently, 8.2% of the shares of the stock are short sold.

Ashford Hospitality Trust Stock Performance

NYSE AHT opened at $1.31 on Wednesday. The stock has a market capitalization of $51.70 million, a P/E ratio of -0.23 and a beta of 2.24. Ashford Hospitality Trust has a 52 week low of $1.24 and a 52 week high of $5.09. The stock has a fifty day moving average of $1.51 and a 200-day moving average of $1.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ashford Hospitality Trust to a “sell” rating in a research note on Monday, March 4th.

View Our Latest Research Report on AHT

Institutional Trading of Ashford Hospitality Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in AHT. Russell Investments Group Ltd. grew its position in shares of Ashford Hospitality Trust by 510.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 353,346 shares of the real estate investment trust’s stock worth $1,318,000 after buying an additional 295,452 shares during the period. M&T Bank Corp acquired a new stake in Ashford Hospitality Trust during the 3rd quarter worth $34,000. Graham Capital Management L.P. raised its position in shares of Ashford Hospitality Trust by 18.5% during the 2nd quarter. Graham Capital Management L.P. now owns 39,866 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 6,231 shares during the last quarter. CastleKnight Management LP lifted its stake in shares of Ashford Hospitality Trust by 16.3% in the 2nd quarter. CastleKnight Management LP now owns 882,407 shares of the real estate investment trust’s stock valued at $3,291,000 after purchasing an additional 123,599 shares during the period. Finally, Arcus Capital Partners LLC bought a new position in shares of Ashford Hospitality Trust in the 3rd quarter worth $217,000. 41.04% of the stock is owned by institutional investors.

Ashford Hospitality Trust Company Profile

(Get Free Report)

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

Further Reading

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