Sotherly Hotels Inc. (NASDAQ:SOHOO) Sees Large Drop in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHOO) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decline of 50.0% from the September 30th total of 200 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.1 days.

Sotherly Hotels Stock Down 0.3 %

Shares of SOHOO stock traded down $0.05 on Friday, hitting $18.15. 443 shares of the stock were exchanged, compared to its average volume of 1,696. The business has a 50-day moving average of $18.24 and a 200 day moving average of $18.57. Sotherly Hotels has a fifty-two week low of $17.15 and a fifty-two week high of $23.45.

Sotherly Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.4922 per share. The ex-dividend date was Friday, August 30th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 10.85%.

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.