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

by · The Markets Daily

Sotherly Hotels Inc. (NASDAQ:SOHO – Get Free Report) saw a significant drop in short interest in 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. Based on an average daily volume of 52,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Sotherly Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of SOHO. Thompson Davis & CO. Inc. boosted its stake in Sotherly Hotels by 21.7% in the 4th 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 during the period. Prudential Financial Inc. acquired a new stake in shares of Sotherly Hotels in the fourth quarter worth $33,000. Gator Capital Management LLC grew its holdings in shares of Sotherly Hotels by 4.8% during the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after buying an additional 45,383 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Sotherly Hotels by 34.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 161,829 shares in the last quarter. Finally, Repertoire Partners LP acquired a new position in Sotherly Hotels during the fourth quarter valued at $442,000. Institutional investors and hedge funds own 27.54% of the company’s stock.

Sotherly Hotels Price Performance

NASDAQ:SOHO opened at $0.79 on Friday. 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 has a 52-week low of $0.76 and a 52-week high of $1.54. The firm has a market cap of $15.68 million, a P/E ratio of -2.39 and a beta of 1.51. The business’s 50-day moving average price is $0.84 and its 200 day moving average price is $1.03.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Sotherly Hotels in a report on Wednesday. They set a “hold” rating on the stock.

Get Our Latest Stock Analysis on Sotherly Hotels

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.

Featured Stories