Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHON) Increases By 660.0%

Sotherly Hotels Inc. (NASDAQ:SOHON) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,800 shares, a growth of 660.0% from the August 31st total of 500 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 2,200 shares, the short-interest ratio is presently 1.7 days.

Sotherly Hotels Trading Down 1.2%

Shares of NASDAQ SOHON opened at $11.83 on Friday. The firm’s 50-day moving average price is $13.19 and its 200-day moving average price is $15.37. Sotherly Hotels has a 1-year low of $10.06 and a 1-year high of $18.75.

Sotherly Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be given a dividend of $0.5156 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.06 annualized dividend and a dividend yield of 17.4%.

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.