Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Drops By 52.7%

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 26,800 shares, a decline of 52.7% from the December 15th total of 56,700 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 111,600 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Sotherly Hotels in a research report on Tuesday, January 7th. They set a “hold” rating for the company.

Sotherly Hotels Price Performance

Sotherly Hotels stock remained flat at $0.87 during mid-day trading on Tuesday. 14,092 shares of the company were exchanged, compared to its average volume of 32,536. Sotherly Hotels has a 52 week low of $0.85 and a 52 week high of $1.54. The company’s 50 day moving average price is $1.01 and its 200-day moving average price is $1.15. The firm has a market cap of $17.27 million, a P/E ratio of -2.64 and a beta of 1.55. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51.

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.