Sotherly Hotels Inc. (NASDAQ:SOHOO) Short Interest Down 54.5% in September

Sotherly Hotels Inc. (NASDAQ:SOHOO) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,000 shares, a drop of 54.5% from the August 31st total of 6,600 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 0.6 days.

Sotherly Hotels Trading Down 2.7%

Shares of SOHOO stock opened at $11.10 on Friday. Sotherly Hotels has a fifty-two week low of $9.71 and a fifty-two week high of $18.40. The business’s 50 day moving average price is $12.77 and its 200-day moving average price is $15.08.

Sotherly Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, October 31st will be given a dividend of $0.4922 per share. The ex-dividend date is Friday, October 31st. This represents a $1.97 annualized dividend and a dividend yield of 17.7%.

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.