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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 56,700 shares, an increase of 401.8% from the November 30th total of 11,300 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 112,200 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Several brokerages have issued reports on SOHO. Piper Sandler dropped their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 3rd. StockNews.com initiated coverage on Sotherly Hotels in a research report on Sunday. They issued a “hold” rating on the stock.

Sotherly Hotels Stock Down 0.0 %

Shares of SOHO traded down $0.00 during midday trading on Thursday, reaching $1.03. 2,596 shares of the company were exchanged, compared to its average volume of 56,824. The company has a market cap of $20.44 million, a price-to-earnings ratio of -3.12 and a beta of 1.58. Sotherly Hotels has a 1-year low of $0.86 and a 1-year high of $1.62. The stock has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.18. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16.

About Sotherly Hotels

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.