Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHON) Drops By 50.0%

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 100 shares, a decline of 50.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.1 days.

Sotherly Hotels Price Performance

NASDAQ:SOHON traded up $0.24 during midday trading on Thursday, hitting $17.74. 2,447 shares of the stock were exchanged, compared to its average volume of 2,704. Sotherly Hotels has a one year low of $17.10 and a one year high of $22.00. The business has a 50-day moving average price of $18.35 and a two-hundred day moving average price of $18.78.

Sotherly Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 11.63%. The ex-dividend date is Friday, November 29th.

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.