Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Down 35.4% in March

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 9,500 shares, a drop of 35.4% from the February 28th total of 14,700 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 42,500 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Sotherly Hotels in a research report on Friday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. raised its holdings 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 worth $301,000 after acquiring an additional 57,666 shares during the last quarter. Repertoire Partners LP purchased a new stake in shares of Sotherly Hotels in the fourth quarter worth approximately $442,000. Gamco Investors INC. ET AL lifted its holdings in shares of Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 161,829 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Sotherly Hotels in the fourth quarter valued at approximately $33,000. Finally, Gator Capital Management LLC grew its holdings in Sotherly Hotels by 4.8% during the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 45,383 shares in the last quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

Sotherly Hotels Stock Performance

Sotherly Hotels stock remained flat at $0.69 during mid-day trading on Monday. The company’s stock had a trading volume of 77,231 shares, compared to its average volume of 54,823. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. Sotherly Hotels has a 12-month low of $0.65 and a 12-month high of $1.54. The company has a fifty day simple moving average of $0.81 and a 200-day simple moving average of $1.00. The stock has a market cap of $13.70 million, a price-to-earnings ratio of -2.09 and a beta of 1.51.

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.