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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 386,698 shares, an increase of 100.5% from the December 31st total of 192,913 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 118,840 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily trading volume, of 118,840 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.2% of the shares of the stock are sold short.

Institutional Trading of Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. Thompson Davis & CO. Inc. lifted its holdings in Sotherly Hotels Inc. (NASDAQ:SOHO) by 52.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,190 shares of the real estate investment trust’s stock after acquiring an additional 149,489 shares during the period. Thompson Davis & CO. Inc. owned approximately 2.13% of Sotherly Hotels worth $414,000 as of its most recent filing with the Securities and Exchange Commission. 27.54% of the stock is owned by hedge funds and other institutional investors.

Sotherly Hotels Price Performance

Sotherly Hotels stock opened at $2.21 on Friday. The stock’s 50 day moving average is $2.17 and its 200 day moving average is $1.48. Sotherly Hotels has a one year low of $0.59 and a one year high of $2.24. The firm has a market cap of $45.28 million, a P/E ratio of -5.26 and a beta of 0.70. The company has a debt-to-equity ratio of 8.73, a current ratio of 1.62 and a quick ratio of 1.62.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings results on Friday, November 14th. The real estate investment trust reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.28). Sotherly Hotels had a negative return on equity of 0.64% and a negative net margin of 0.15%.The firm had revenue of $38.01 million for the quarter, compared to the consensus estimate of $40.20 million. As a group, research analysts expect that Sotherly Hotels will post 0.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SOHO shares. Zacks Research raised Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of Sotherly Hotels in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a publicly traded real estate investment trust that acquires, develops and operates select-service and midscale hotel properties in the United States. Its common shares trade on the NASDAQ under the symbol SOHO. The company focuses on branded, asset-light opportunities designed to generate stable cash flow and long-term value through strategic acquisitions and capital improvements.

The company’s portfolio comprises properties affiliated with leading national brands—such as Hilton Garden Inn, Hampton Inn, Holiday Inn Express and similar flags—located primarily in the southeastern and mid-Atlantic United States.