Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Down 83.3% in November

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 14,300 shares, a decrease of 83.3% from the October 31st total of 85,500 shares. Based on an average daily trading volume, of 96,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Sotherly Hotels in a report on Thursday. They issued a “hold” rating on the stock. Piper Sandler cut their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, September 3rd.

Sotherly Hotels Trading Down 3.8 %

SOHO traded down $0.04 during mid-day trading on Thursday, hitting $0.92. The stock had a trading volume of 157,869 shares, compared to its average volume of 54,518. The stock’s fifty day simple moving average is $1.19 and its 200-day simple moving average is $1.23. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $18.26 million, a price-to-earnings ratio of -2.79 and a beta of 1.66. Sotherly Hotels has a 1-year low of $0.86 and a 1-year high of $1.65.

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.