Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Declines By 12.8%

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 90,900 shares, a drop of 12.8% from the August 31st total of 104,200 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 29,800 shares, the days-to-cover ratio is presently 3.1 days.

Sotherly Hotels Stock Performance

SOHO opened at $1.23 on Friday. The firm’s fifty day simple moving average is $1.24 and its 200 day simple moving average is $1.29. The stock has a market capitalization of $24.32 million, a P/E ratio of -5.83 and a beta of 1.67. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 12 month low of $1.07 and a 12 month high of $1.76.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SOHO shares. Piper Sandler lowered their price target on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. StockNews.com began coverage on Sotherly Hotels in a research note on Wednesday. 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.