Sotherly Hotels Inc. (NASDAQ:SOHON) Short Interest Update

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 7,314 shares, a growth of 368.2% from the March 15th total of 1,562 shares. Based on an average daily trading volume, of 5,831 shares, the short-interest ratio is presently 1.3 days.

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHON opened at $15.58 on Monday. Sotherly Hotels has a 52 week low of $10.06 and a 52 week high of $17.73. The firm has a 50 day moving average of $15.82 and a 200 day moving average of $14.96.

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.