Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Up 93.2% in February

Sotherly Hotels Inc. (NASDAQ:SOHO – Get Rating) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 19,900 shares, a growth of 93.2% from the February 13th total of 10,300 shares. Based on an average trading volume of 57,300 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SOHO. TheStreet upgraded Sotherly Hotels from a “d” rating to a “c” rating in a report on Friday, March 3rd. StockNews.com began coverage on Sotherly Hotels in a report on Sunday, March 5th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SOHO. Gator Capital Management LLC lifted its stake in shares of Sotherly Hotels by 151.9% during the fourth quarter. Gator Capital Management LLC now owns 810,250 shares of the real estate investment trust’s stock worth $1,467,000 after purchasing an additional 488,577 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Sotherly Hotels by 32.8% during the third quarter. Thompson Davis & CO. Inc. now owns 1,108,044 shares of the real estate investment trust’s stock worth $2,083,000 after acquiring an additional 273,747 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Sotherly Hotels during the fourth quarter worth about $356,000. Renaissance Technologies LLC increased its position in shares of Sotherly Hotels by 214.8% during the third quarter. Renaissance Technologies LLC now owns 193,014 shares of the real estate investment trust’s stock worth $363,000 after acquiring an additional 131,700 shares during the last quarter. Finally, Bard Associates Inc. increased its position in shares of Sotherly Hotels by 29.1% during the fourth quarter. Bard Associates Inc. now owns 507,661 shares of the real estate investment trust’s stock worth $919,000 after acquiring an additional 114,550 shares during the last quarter. Institutional investors and hedge funds own 21.57% of the company’s stock.

Sotherly Hotels Trading Down 3.1 %

Shares of SOHO opened at $2.18 on Friday. The stock’s 50-day moving average is $2.15 and its two-hundred day moving average is $2.10. The stock has a market cap of $40.15 million, a PE ratio of 1.56 and a beta of 1.69. Sotherly Hotels has a 12 month low of $1.48 and a 12 month high of $3.11. The company has a debt-to-equity ratio of 7.15, a current ratio of 1.28 and a quick ratio of 1.28.

About Sotherly Hotels

(Get Rating)

Sotherly Hotels, Inc is a real estate investment trust, which engages in the ownership and management of hotels. It operates under the Hilton, CrownePlaza, DoubleTree, and Sheraton brands. The company was founded in August 2004 and is headquartered in Williamsburg, VA.