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

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 26,800 shares, a drop of 52.7% from the December 15th total of 56,700 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 111,600 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Sotherly Hotels in a research report on Wednesday. They set a “hold” rating on the stock.

Sotherly Hotels Price Performance

Shares of SOHO stock traded down $0.04 during trading hours on Thursday, reaching $0.87. 38,454 shares of the company were exchanged, compared to its average volume of 32,975. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $17.22 million, a price-to-earnings ratio of -2.63 and a beta of 1.55. The stock’s fifty day moving average is $0.99 and its two-hundred day moving average is $1.15. Sotherly Hotels has a fifty-two week low of $0.85 and a fifty-two week high of $1.54.

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.