Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Decreases By 32.9%

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 54,700 shares, a decline of 32.9% from the May 31st total of 81,500 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 32,100 shares, the days-to-cover ratio is presently 1.7 days.

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $1.18 on Friday. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $23.42 million, a P/E ratio of -5.62 and a beta of 1.67. The firm’s 50-day moving average is $1.32 and its two-hundred day moving average is $1.38. Sotherly Hotels has a 12 month low of $1.09 and a 12 month high of $2.50.

Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.24). The company had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $45.80 million. Sotherly Hotels had a return on equity of 7.86% and a net margin of 2.18%. During the same period in the previous year, the business posted $0.24 EPS. On average, sell-side analysts anticipate that Sotherly Hotels will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Sotherly Hotels in a research report on Friday, June 21st. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. lifted its holdings in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,650 shares of the real estate investment trust’s stock after purchasing an additional 8,050 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.27% of Sotherly Hotels worth $80,000 as of its most recent filing with the SEC. Institutional investors own 27.54% of the company’s stock.

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.