Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,813 shares, a growth of 25,472.7% from the November 30th total of 11 shares. Based on an average trading volume of 6,537 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 6,537 shares, the short-interest ratio is currently 0.4 days.
Sotherly Hotels Stock Performance
Shares of SOHON opened at $14.99 on Friday. Sotherly Hotels has a fifty-two week low of $10.06 and a fifty-two week high of $18.45. The firm has a 50 day moving average price of $14.91 and a 200-day moving average price of $14.42.
About Sotherly Hotels
Sotherly Hotels Inc is a Maryland-based real estate investment trust (REIT) specializing in the ownership and operation of hotel properties across the United States. The company’s primary business activities include acquiring, financing and managing a diversified portfolio of upper-upscale, lifestyle and select-service hotels. Through long-term ownership strategies, Sotherly Hotels seeks to generate stable rental income and capital appreciation by partnering with established hotel operators and brands.
Sotherly Hotels’ revenue streams are derived chiefly from guest room rentals, food and beverage services, event and meeting space rentals, and ancillary amenities.
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