Short Interest in Service Properties Trust (NASDAQ:SVC) Increases By 30.8%

Service Properties Trust (NASDAQ:SVC - Get Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 5,650,000 shares, a growth of 30.8% from the January 15th total of 4,320,000 shares. Approximately 3.7% of the shares of the company are short sold. Based on an average trading volume of 3,270,000 shares, the days-to-cover ratio is currently 1.7 days.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC traded down $0.03 during trading on Tuesday, reaching $2.60. The company had a trading volume of 205,110 shares, compared to its average volume of 1,530,349. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $7.73. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $432.46 million, a PE ratio of -1.77 and a beta of 2.19. The firm's fifty day moving average is $2.63 and its 200 day moving average is $3.52.

Service Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, January 27th. Service Properties Trust's dividend payout ratio (DPR) is presently -2.72%.

Institutional Trading of Service Properties Trust

Institutional investors have recently modified their holdings of the company. Nantahala Capital Management LLC bought a new stake in Service Properties Trust in the fourth quarter worth about $20,553,000. Balyasny Asset Management L.P. bought a new stake in shares of Service Properties Trust in the 4th quarter worth approximately $6,900,000. Jane Street Group LLC raised its holdings in shares of Service Properties Trust by 2,999.1% in the 4th quarter. Jane Street Group LLC now owns 2,518,890 shares of the real estate investment trust's stock worth $6,398,000 after purchasing an additional 2,437,613 shares in the last quarter. Whitebox Advisors LLC lifted its stake in Service Properties Trust by 234.8% during the fourth quarter. Whitebox Advisors LLC now owns 2,144,899 shares of the real estate investment trust's stock valued at $5,448,000 after purchasing an additional 1,504,297 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in Service Properties Trust during the fourth quarter worth approximately $3,593,000. Institutional investors and hedge funds own 77.62% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their price target on Service Properties Trust from $2.75 to $2.50 and set an "underweight" rating on the stock in a report on Tuesday.

About Service Properties Trust

Service Properties Trust Nasdaq: SVC is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.