Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHOO) Expands By 700.0%

Sotherly Hotels Inc. (NASDAQ:SOHOO) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 800 shares, a growth of 700.0% from the August 31st total of 100 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 1.1 days.

Sotherly Hotels Stock Performance

Shares of Sotherly Hotels stock remained flat at $18.15 during trading on Wednesday. The stock had a trading volume of 22 shares, compared to its average volume of 1,765. Sotherly Hotels has a 52 week low of $17.15 and a 52 week high of $23.50. The stock has a fifty day moving average price of $18.36 and a two-hundred day moving average price of $18.70.

Sotherly Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.4922 per share. The ex-dividend date was Friday, August 30th. This represents a $1.97 annualized dividend and a dividend yield of 10.85%.

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.