Sotherly Hotels Inc. (NASDAQ:SOHON) Sees Significant Increase in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,654 shares, a growth of 1,697.8% from the January 29th total of 92 shares. Based on an average trading volume of 12,239 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 12,239 shares, the days-to-cover ratio is currently 0.1 days.

Sotherly Hotels Stock Performance

Shares of NASDAQ SOHON opened at $16.36 on Friday. The business has a 50-day moving average price of $15.76 and a two-hundred day moving average price of $14.28. Sotherly Hotels has a one year low of $10.06 and a one year high of $18.42.

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.