Short Interest in Ashford Hospitality Trust, Inc. (NYSE:AHT) Drops By 13.1%

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,780,000 shares, a drop of 13.1% from the March 15th total of 3,200,000 shares. Approximately 7.1% of the company’s shares are sold short. Based on an average trading volume of 651,600 shares, the short-interest ratio is currently 4.3 days.

Ashford Hospitality Trust Price Performance

Shares of AHT traded up $0.02 during trading hours on Tuesday, hitting $1.34. 367,796 shares of the stock were exchanged, compared to its average volume of 638,083. Ashford Hospitality Trust has a fifty-two week low of $1.24 and a fifty-two week high of $5.09. The business has a 50-day moving average of $1.47 and a 200-day moving average of $1.83. The firm has a market capitalization of $53.21 million, a P/E ratio of -0.24 and a beta of 2.24.

Institutional Investors Weigh In On Ashford Hospitality Trust

Several large investors have recently modified their holdings of AHT. Virtu Financial LLC acquired a new stake in Ashford Hospitality Trust in the fourth quarter worth $31,000. Newbridge Financial Services Group Inc. grew its holdings in Ashford Hospitality Trust by 50.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 13,430 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 4,500 shares during the period. M&T Bank Corp acquired a new stake in Ashford Hospitality Trust in the third quarter worth $34,000. Ameriprise Financial Inc. acquired a new stake in Ashford Hospitality Trust in the first quarter worth $35,000. Finally, Two Sigma Investments LP acquired a new stake in Ashford Hospitality Trust in the first quarter worth $35,000. 41.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ashford Hospitality Trust Company Profile

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