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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 187,500 shares, a growth of 37.1% from the September 30th total of 136,800 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 183,300 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 183,300 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.4% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SOHO. Weiss Ratings restated a “sell (d)” rating on shares of Sotherly Hotels in a report on Wednesday, October 8th. Zacks Research upgraded shares of Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Sotherly Hotels Trading Up 0.5%

Shares of SOHO opened at $2.13 on Tuesday. Sotherly Hotels has a 1-year low of $0.59 and a 1-year high of $2.15. The company has a 50-day moving average of $0.99 and a 200 day moving average of $0.89. The firm has a market capitalization of $43.65 million, a price-to-earnings ratio of -6.26 and a beta of 0.96. The company has a debt-to-equity ratio of 7.10, a current ratio of 1.36 and a quick ratio of 1.36.

Sotherly Hotels (NASDAQ:SOHO) last announced its quarterly earnings data on Tuesday, August 12th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.13). Sotherly Hotels had a net margin of 0.89% and a return on equity of 3.69%. The company had revenue of $48.79 million for the quarter, compared to the consensus estimate of $51.80 million. Sotherly Hotels has set its FY 2025 guidance at 0.340-0.370 EPS. On average, research analysts expect that Sotherly Hotels will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Sotherly Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its holdings in shares of Sotherly Hotels by 52.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 436,190 shares of the real estate investment trust’s stock valued at $414,000 after purchasing an additional 149,489 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Sotherly Hotels by 33.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 835,800 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 207,283 shares in the last quarter. Finally, Gator Capital Management LLC raised its holdings in shares of Sotherly Hotels by 17.0% in the 1st quarter. Gator Capital Management LLC now owns 1,170,147 shares of the real estate investment trust’s stock valued at $865,000 after purchasing an additional 169,960 shares in the last quarter. Institutional investors 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.