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

Sotherly Hotels Inc. (NASDAQ:SOHON) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 3,353 shares, a decline of 54.2% from the March 31st total of 7,314 shares. Based on an average trading volume of 2,500 shares, the short-interest ratio is presently 1.3 days.

Sotherly Hotels Stock Performance

Shares of SOHON opened at $15.14 on Monday. Sotherly Hotels has a 52-week low of $10.06 and a 52-week high of $17.73. The business’s fifty day moving average is $15.65 and its 200-day moving average is $15.22.

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.