InnSuites Hospitality Trust (NYSEAMERICAN:IHT) Sees Significant Decline in Short Interest

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InnSuites Hospitality Trust (NYSEAMERICAN:IHT) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 50,600 shares, a decrease of 38.8% from the December 15th total of 82,700 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 384,600 shares, the days-to-cover ratio is currently 0.1 days.

Shares of InnSuites Hospitality Trust stock traded up $0.11 during trading hours on Thursday, hitting $2.45. The company’s stock had a trading volume of 11,455 shares, compared to its average volume of 21,855. The stock has a 50 day moving average price of $2.22. InnSuites Hospitality Trust has a 12-month low of $0.67 and a 12-month high of $4.08.

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be given a dividend of $0.01 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, January 14th.

InnSuites Hospitality Trust Company Profile

InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. InnSuites® Hotels and Suites has owned real estate and hotels and provided hotel services including management, branding, and reservations to hotels under the brand name ÂInnSuites trademarked and owned by IHT over 40 years by being innovators for guest needs and recognizing hotel membership demands.

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