Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Down 30.5% in March

by · The Markets Daily

Sotherly Hotels Inc. (NASDAQ:SOHO – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,600 shares, a decline of 30.5% from the March 15th total of 9,500 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 43,200 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Sotherly Hotels in a research note on Sunday, April 13th. They issued a “hold” rating for the company.

View Our Latest Report on Sotherly Hotels

Institutional Trading of Sotherly Hotels

Several institutional investors and hedge funds have recently bought and sold shares of SOHO. Repertoire Partners LP acquired a new stake in shares of Sotherly Hotels during the fourth quarter valued at about $442,000. Gamco Investors INC. ET AL boosted its position in shares of Sotherly Hotels by 34.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 161,829 shares during the period. Gator Capital Management LLC increased its holdings in Sotherly Hotels by 4.8% in the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 45,383 shares during the last quarter. Prudential Financial Inc. acquired a new stake in Sotherly Hotels in the 4th quarter valued at approximately $33,000. Finally, Thompson Davis & CO. Inc. lifted its stake in Sotherly Hotels by 21.7% during the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after purchasing an additional 57,666 shares in the last quarter. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

Sotherly Hotels Trading Up 4.7 %

NASDAQ:SOHO traded up $0.03 on Friday, reaching $0.72. The company’s stock had a trading volume of 18,486 shares, compared to its average volume of 56,076. Sotherly Hotels has a 12-month low of $0.59 and a 12-month high of $1.54. The stock has a 50 day moving average price of $0.76 and a 200 day moving average price of $0.94. The firm has a market cap of $14.48 million, a price-to-earnings ratio of -2.18 and a beta of 1.06. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16.

Sotherly Hotels Company Profile

(Get Free Report)

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.

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