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

Ashford Hospitality Trust, Inc. (NYSE:AHTGet Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 2,420,000 shares, a decrease of 8.3% from the April 30th total of 2,640,000 shares. Approximately 5.8% of the shares of the company are short sold. Based on an average daily trading volume, of 475,300 shares, the days-to-cover ratio is presently 5.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Ashford Hospitality Trust by 97.0% in the first 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 acquiring an additional 28,800 shares in the last quarter. Navis Wealth Advisors LLC acquired a new stake in shares of Ashford Hospitality Trust in the first quarter valued at $144,000. Finally, CastleKnight Management LP raised its stake 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 acquiring an additional 926,564 shares in the last quarter. 41.04% of the stock is currently owned by hedge funds and other institutional investors.

Ashford Hospitality Trust Price Performance

AHT stock opened at $1.17 on Tuesday. The business has a 50 day simple moving average of $1.29 and a 200-day simple moving average of $1.60. The firm has a market capitalization of $49.62 million, a PE ratio of -0.37 and a beta of 2.21. Ashford Hospitality Trust has a 1 year low of $1.14 and a 1 year high of $5.09.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Ashford Hospitality Trust to a “sell” rating in a report on Wednesday, May 8th.

View Our Latest Analysis on AHT

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.

See Also

Receive News & Ratings for Ashford Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.