Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Down 41.6% in April

Sotherly Hotels Inc. (NASDAQ:SOHOGet Rating) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 44,900 shares, a decline of 41.6% from the April 15th total of 76,900 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 55,900 shares, the short-interest ratio is currently 0.8 days.

A number of large investors have recently modified their holdings of SOHO. Moors & Cabot Inc. bought a new stake in Sotherly Hotels in the third quarter valued at approximately $31,000. J.W. Cole Advisors Inc. bought a new stake in Sotherly Hotels in the fourth quarter valued at approximately $59,000. PSI Advisors LLC bought a new stake in Sotherly Hotels in the third quarter valued at approximately $84,000. Golden State Equity Partners acquired a new position in shares of Sotherly Hotels in the third quarter valued at approximately $99,000. Finally, Citadel Advisors LLC acquired a new position in shares of Sotherly Hotels in the third quarter valued at approximately $107,000. 23.47% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on SOHO shares. StockNews.com started coverage on shares of Sotherly Hotels in a research note on Friday. They set a “hold” rating for the company. Zacks Investment Research raised shares of Sotherly Hotels from a “sell” rating to a “hold” rating in a research note on Thursday, January 20th.

Shares of SOHO traded up $0.09 on Friday, reaching $1.86. 29,649 shares of the company’s stock were exchanged, compared to its average volume of 54,585. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 22.96. The business has a 50 day moving average price of $2.03 and a two-hundred day moving average price of $2.19. Sotherly Hotels has a 12 month low of $1.60 and a 12 month high of $4.17.

Sotherly Hotels (NASDAQ:SOHOGet Rating) last issued its earnings results on Thursday, May 12th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Sotherly Hotels had a negative net margin of 20.55% and a negative return on equity of 85.71%. During the same quarter in the prior year, the company posted ($0.33) earnings per share. On average, sell-side analysts anticipate that Sotherly Hotels will post 0.45 earnings per share for the current year.

Sotherly Hotels Company Profile (Get Rating)

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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.

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