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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 56,700 shares, an increase of 401.8% from the November 30th total of 11,300 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 112,200 shares, the days-to-cover ratio is presently 0.5 days.

Sotherly Hotels Stock Down 4.0 %

Shares of NASDAQ:SOHO traded down $0.04 during trading on Friday, reaching $0.95. 158,149 shares of the stock traded hands, compared to its average volume of 57,261. The stock has a market cap of $18.80 million, a P/E ratio of -2.87 and a beta of 1.58. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50-day moving average of $1.10 and a two-hundred day moving average of $1.18. Sotherly Hotels has a 52-week low of $0.86 and a 52-week high of $1.56.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SOHO shares. StockNews.com assumed coverage on Sotherly Hotels in a research report on Sunday, December 22nd. They set a “hold” rating on the stock. Piper Sandler dropped their target price 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 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.