Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Down 8.5% in September

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 1,180,000 shares, a drop of 8.5% from the September 15th total of 1,290,000 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average trading volume of 349,500 shares, the days-to-cover ratio is currently 3.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Monday, August 12th.

Ashford Hospitality Trust Price Performance

Shares of Ashford Hospitality Trust stock traded down $0.02 during trading on Wednesday, hitting $0.62. 138,562 shares of the company’s stock traded hands, compared to its average volume of 466,228. Ashford Hospitality Trust has a 1 year low of $0.53 and a 1 year high of $2.62. The business has a 50-day simple moving average of $0.84 and a 200-day simple moving average of $1.03. The stock has a market capitalization of $26.16 million, a P/E ratio of -0.20 and a beta of 2.33.

Ashford Hospitality Trust shares are going to reverse split on the morning of Friday, November 1st. The 1-10 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.

Institutional Investors Weigh In On Ashford Hospitality Trust

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in Ashford Hospitality Trust by 4.9% during the second quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 22,400 shares during the period. Navis Wealth Advisors LLC bought a new stake in shares of Ashford Hospitality Trust during the 1st quarter valued at $144,000. Price T Rowe Associates Inc. MD increased its stake in shares of Ashford Hospitality Trust by 97.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 28,800 shares in the last quarter. Founders Financial Securities LLC bought a new position in Ashford Hospitality Trust in the 2nd quarter worth $29,000. Finally, PFG Investments LLC lifted its position in Ashford Hospitality Trust by 76.1% during the second quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 12,888 shares in the last quarter. Institutional investors own 41.04% of the company’s stock.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc, together with its subsidiaries (Ashford Trust), is a real estate investment trust (REIT). While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S.