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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 14,700 shares, a drop of 56.3% from the February 13th total of 33,600 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 52,900 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Sotherly Hotels in a research report on Wednesday. They set a “hold” rating for the company.

Institutional Trading of Sotherly Hotels

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. lifted its position in shares of Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 57,666 shares during the last quarter. Repertoire Partners LP acquired a new stake in shares of Sotherly Hotels in the fourth quarter worth about $442,000. Gamco Investors INC. ET AL lifted its position in shares of Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 161,829 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Sotherly Hotels in the fourth quarter worth about $33,000. Finally, Gator Capital Management LLC lifted its position in shares of Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 45,383 shares during the last quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

Sotherly Hotels Price Performance

SOHO opened at $0.79 on Friday. Sotherly Hotels has a 1 year low of $0.76 and a 1 year high of $1.54. The stock has a fifty day moving average price of $0.84 and a 200 day moving average price of $1.03. The stock has a market cap of $15.68 million, a price-to-earnings ratio of -2.39 and a beta of 1.51. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16.

About Sotherly Hotels

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.