Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Declines By 35.3%

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 44,200 shares, a drop of 35.3% from the March 31st total of 68,300 shares. Based on an average daily volume of 41,200 shares, the short-interest ratio is currently 1.1 days.

Sotherly Hotels Stock Up 1.6 %

Shares of Sotherly Hotels stock traded up $0.02 during midday trading on Friday, reaching $1.31. 36,774 shares of the company’s stock traded hands, compared to its average volume of 29,517. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. Sotherly Hotels has a 52 week low of $1.13 and a 52 week high of $2.50. The company’s 50 day simple moving average is $1.36 and its 200 day simple moving average is $1.45. The company has a market cap of $26.02 million, a price-to-earnings ratio of -6.24 and a beta of 1.63.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Sotherly Hotels in a research note on Friday. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. J.W. Cole Advisors Inc. boosted its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,650 shares of the real estate investment trust’s stock after acquiring an additional 8,050 shares during the period. J.W. Cole Advisors Inc. owned 0.27% of Sotherly Hotels worth $80,000 at the end of the most recent quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.