Sotherly Hotels Inc. (NASDAQ:SOHO) Sees Large Increase in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 56,700 shares, a growth of 401.8% from the November 30th total of 11,300 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 112,200 shares, the short-interest ratio is currently 0.5 days.

Sotherly Hotels Trading Down 4.0 %

NASDAQ:SOHO traded down $0.04 during trading hours on Friday, reaching $0.95. The company’s stock had a trading volume of 158,149 shares, compared to its average volume of 57,261. The firm has a 50-day simple moving average of $1.10 and a 200-day simple moving average of $1.18. Sotherly Hotels has a 1 year low of $0.86 and a 1 year high of $1.56. The firm has a market capitalization of $18.80 million, a price-to-earnings 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SOHO shares. Piper Sandler dropped their price objective on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd. StockNews.com started coverage on Sotherly Hotels in a report on Sunday, December 22nd. They set a “hold” rating for the company.

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.