Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Update

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 11,300 shares, a decrease of 21.0% from the November 15th total of 14,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 109,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SOHO. StockNews.com assumed coverage on Sotherly Hotels in a research report on Saturday. They set a “hold” rating for the company. Piper Sandler reduced their price target on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd.

Sotherly Hotels Stock Up 1.7 %

Shares of SOHO stock traded up $0.02 on Monday, hitting $1.06. The company’s stock had a trading volume of 62,579 shares, compared to its average volume of 56,244. The stock has a market capitalization of $21.04 million, a price-to-earnings ratio of -3.16 and a beta of 1.58. Sotherly Hotels has a fifty-two week low of $0.86 and a fifty-two week high of $1.65. The firm’s fifty day moving average price is $1.13 and its 200-day moving average price is $1.19. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51.

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.