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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 26,800 shares, a decline of 52.7% from the December 15th total of 56,700 shares. Based on an average daily volume of 111,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Sotherly Hotels Stock Performance

Shares of NASDAQ SOHO remained flat at $0.87 during mid-day trading on Tuesday. The company had a trading volume of 14,092 shares, compared to its average volume of 32,536. The company has a market capitalization of $17.27 million, a P/E ratio of -2.64 and a beta of 1.55. The stock has a 50 day moving average of $1.01 and a two-hundred day moving average of $1.15. Sotherly Hotels has a one year low of $0.85 and a one year high of $1.54. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Sotherly Hotels in a research note on Tuesday, January 7th. They set a “hold” rating on the stock.

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.