Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHON) Drops By 80.5%

Sotherly Hotels Inc. (NASDAQ:SOHON) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 92 shares, a drop of 80.5% from the January 15th total of 472 shares. Based on an average daily volume of 16,707 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 16,707 shares, the days-to-cover ratio is presently 0.0 days.

Sotherly Hotels Price Performance

SOHON stock opened at $16.13 on Wednesday. Sotherly Hotels has a 52 week low of $10.06 and a 52 week high of $18.42. The firm has a 50-day simple moving average of $15.48 and a 200-day simple moving average of $14.22.

Sotherly Hotels Company Profile

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.