Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Rises By 88.7%

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 85,500 shares, a growth of 88.7% from the October 15th total of 45,300 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 80,400 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com started coverage on Sotherly Hotels in a research note on Tuesday. They issued a “hold” rating on the stock. Piper Sandler lowered their price objective on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd.

Sotherly Hotels Stock Down 6.4 %

SOHO traded down $0.07 on Wednesday, reaching $1.09. The stock had a trading volume of 81,185 shares, compared to its average volume of 50,938. The business’s 50-day moving average price is $1.23 and its two-hundred day moving average price is $1.26. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.88. Sotherly Hotels has a 12-month low of $1.05 and a 12-month high of $1.67.

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.