Sotherly Hotels Inc. (NASDAQ:SOHO – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 76,700 shares, an increase of 67.1% from the December 15th total of 45,900 shares. Based on an average trading volume of 70,200 shares, the days-to-cover ratio is currently 1.1 days.
Sotherly Hotels Stock Up 0.7 %
Shares of NASDAQ SOHO traded up $0.01 during midday trading on Friday, reaching $1.48. The company’s stock had a trading volume of 24,902 shares, compared to its average volume of 56,034. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 6.33. Sotherly Hotels has a fifty-two week low of $1.34 and a fifty-two week high of $2.50. The stock has a market capitalization of $29.16 million, a price-to-earnings ratio of 16.34 and a beta of 1.67. The stock has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $1.76.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Sotherly Hotels in a research report on Thursday, October 5th. They issued a “hold” rating on the stock.
Institutional Trading of Sotherly Hotels
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Sotherly Hotels by 13.4% in the second quarter. BlackRock Inc. now owns 43,316 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 5,114 shares in the last quarter. State Street Corp grew its stake in shares of Sotherly Hotels by 69.3% in the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 7,345 shares in the last quarter. Morgan Stanley boosted its position in Sotherly Hotels by 13.3% during the fourth quarter. Morgan Stanley now owns 74,453 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 8,738 shares during the period. Citadel Advisors LLC boosted its position in Sotherly Hotels by 41.0% during the second quarter. Citadel Advisors LLC now owns 34,789 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 10,124 shares during the period. Finally, Seneca House Advisors boosted its position in Sotherly Hotels by 22.9% during the third quarter. Seneca House Advisors now owns 57,502 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 10,702 shares during the period. 26.14% of the stock is currently owned by institutional investors and hedge funds.
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.
- Five stocks we like better than Sotherly Hotels
- What Are Dividend Contenders? Investing in Dividend Contenders
- How to calculate stock growth
- Quiet Period Expirations Explained
- 20% upside for JPMorgan Chase stock? Here’s how
- Investing in Agriculture 101: How to Invest in Agriculture
- Super Micro’s super surge: 18.87% gain to begin the year
Receive News & Ratings for Sotherly Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sotherly Hotels and related companies with MarketBeat.com's FREE daily email newsletter.