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

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 11,300 shares, a drop of 21.0% from the November 15th total of 14,300 shares. Based on an average daily volume of 109,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Sotherly Hotels Stock Performance

NASDAQ:SOHO traded up $0.02 during mid-day trading on Monday, hitting $1.06. 62,579 shares of the company’s stock traded hands, compared to its average volume of 56,244. The firm has a market capitalization of $21.04 million, a price-to-earnings ratio of -3.16 and a beta of 1.58. The firm has a 50 day moving average of $1.13 and a two-hundred day moving average of $1.19. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. Sotherly Hotels has a 12 month low of $0.86 and a 12 month high of $1.65.

Analysts Set New Price Targets

Several analysts recently issued reports on SOHO shares. Piper Sandler decreased their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. StockNews.com assumed coverage on shares of Sotherly Hotels in a research report on Saturday. They set a “hold” rating for the company.

Sotherly Hotels Company Profile

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.