H World Group Limited (NASDAQ:HTHT) Short Interest Update

H World Group Limited (NASDAQ:HTHT) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 13,430,000 shares, a decline of 7.1% from the November 30th total of 14,450,000 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily volume of 2,250,000 shares, the days-to-cover ratio is presently 6.0 days.

Hedge Funds Weigh In On H World Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TT International Asset Management LTD purchased a new position in shares of H World Group during the third quarter valued at approximately $24,915,000. Geode Capital Management LLC grew its position in H World Group by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company’s stock worth $47,455,000 after purchasing an additional 11,684 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in H World Group during the 3rd quarter valued at $489,000. Temasek Holdings Private Ltd bought a new position in shares of H World Group during the 3rd quarter valued at $81,840,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of H World Group in the 3rd quarter worth $418,000. Institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

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

H World Group Stock Performance

Shares of NASDAQ:HTHT traded up $0.16 during midday trading on Wednesday, reaching $33.03. 762,572 shares of the company’s stock traded hands, compared to its average volume of 1,892,722. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. H World Group has a one year low of $27.03 and a one year high of $42.98. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.06 and a beta of 0.74. The stock has a 50 day moving average of $35.02 and a 200 day moving average of $33.29.

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.