Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Decreases By 83.3%

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 14,300 shares, a decline of 83.3% from the October 31st total of 85,500 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 96,600 shares, the short-interest ratio is currently 0.1 days.

Sotherly Hotels Stock Down 0.7 %

Sotherly Hotels stock traded down $0.01 during trading hours on Wednesday, hitting $0.95. The stock had a trading volume of 80,014 shares, compared to its average volume of 54,100. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The stock has a market capitalization of $18.85 million, a P/E ratio of -2.90 and a beta of 1.66. Sotherly Hotels has a 12-month low of $0.86 and a 12-month high of $1.65. The stock’s 50-day moving average price is $1.19 and its 200-day moving average price is $1.23.

Wall Street Analysts Forecast Growth

SOHO has been the topic of several research reports. StockNews.com initiated coverage on shares of Sotherly Hotels in a research note on Wednesday, November 20th. They set a “hold” rating on the stock. Piper Sandler dropped their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 3rd.

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.