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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 14,700 shares, a decrease of 56.3% from the February 13th total of 33,600 shares. Based on an average daily trading volume, of 52,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Sotherly Hotels Stock Performance

Shares of NASDAQ:SOHO opened at $0.79 on Friday. The business’s 50 day moving average price is $0.84 and its 200-day moving average price is $1.03. 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 $15.68 million, a PE ratio of -2.39 and a beta of 1.51. Sotherly Hotels has a 1 year low of $0.78 and a 1 year high of $1.54.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Sotherly Hotels in a report on Wednesday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Sotherly Hotels

A number of hedge funds have recently modified their holdings of SOHO. Repertoire Partners LP acquired a new position in shares of Sotherly Hotels during the 4th quarter worth approximately $442,000. Gamco Investors INC. ET AL increased its holdings in shares of Sotherly Hotels by 34.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 161,829 shares during the last quarter. Gator Capital Management LLC raised its position in Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 45,383 shares during the period. Prudential Financial Inc. purchased a new stake in Sotherly Hotels in the 4th quarter valued at about $33,000. Finally, Thompson Davis & CO. Inc. raised its stake in shares of Sotherly Hotels by 21.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 57,666 shares during the period. 27.54% of the stock is currently owned by institutional investors and hedge funds.

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.