Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Up 63.3% in August

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 24,000 shares, an increase of 63.3% from the August 15th total of 14,700 shares. Based on an average daily volume of 43,300 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 43,300 shares, the short-interest ratio is currently 0.6 days.

Sotherly Hotels Stock Performance

Shares of NASDAQ SOHO traded up $0.00 during trading hours on Monday, hitting $0.87. 16,843 shares of the stock were exchanged, compared to its average volume of 42,525. The firm has a market capitalization of $17.89 million, a P/E ratio of -2.57 and a beta of 0.97. The company’s 50 day moving average is $0.82 and its 200 day moving average is $0.80. Sotherly Hotels has a one year low of $0.59 and a one year high of $1.54. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.36 and a quick ratio of 1.36.

Sotherly Hotels (NASDAQ:SOHO) last announced its earnings results on Tuesday, August 12th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.13). The company had revenue of $48.79 million for the quarter, compared to the consensus estimate of $51.80 million. Sotherly Hotels had a return on equity of 3.69% and a net margin of 0.89%. Sotherly Hotels has set its FY 2025 guidance at 0.340-0.370 EPS. On average, research analysts expect that Sotherly Hotels will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Sotherly Hotels

A number of hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. lifted its holdings in Sotherly Hotels by 52.1% in the second quarter. Thompson Davis & CO. Inc. now owns 436,190 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 149,489 shares during the period. Repertoire Partners LP bought a new stake in shares of Sotherly Hotels during the fourth quarter worth $442,000. Gamco Investors INC. ET AL raised its stake in shares of Sotherly Hotels by 33.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 835,800 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 207,283 shares during the period. Finally, Gator Capital Management LLC raised its position in Sotherly Hotels by 17.0% in the 1st quarter. Gator Capital Management LLC now owns 1,170,147 shares of the real estate investment trust’s stock valued at $865,000 after buying an additional 169,960 shares during the last quarter. Institutional investors own 27.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Sotherly Hotels from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.