Sotherly Hotels Inc. (NASDAQ:SOHO) Sees Significant Drop in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 14,300 shares, a decline of 83.3% from the October 31st total of 85,500 shares. Based on an average daily trading volume, of 96,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research analysts recently commented on SOHO shares. StockNews.com started coverage on shares of Sotherly Hotels in a research note on Thursday. They issued a “hold” rating on the stock. Piper Sandler cut their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

NASDAQ SOHO traded down $0.04 during trading on Thursday, reaching $0.92. The company’s stock had a trading volume of 157,869 shares, compared to its average volume of 54,518. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. The firm has a market capitalization of $18.26 million, a price-to-earnings ratio of -2.79 and a beta of 1.66. Sotherly Hotels has a 12 month low of $0.86 and a 12 month high of $1.65. The firm has a 50 day moving average price of $1.19 and a 200 day moving average price of $1.23.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.