Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Increases By 100.5%

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 386,698 shares, a growth of 100.5% from the December 31st total of 192,913 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 118,840 shares, the days-to-cover ratio is presently 3.3 days. Based on an average trading volume of 118,840 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.2% of the company’s shares are short sold.

Sotherly Hotels Trading Down 0.7%

Shares of Sotherly Hotels stock traded down $0.02 on Friday, hitting $2.23. The stock had a trading volume of 513,910 shares, compared to its average volume of 192,011. Sotherly Hotels has a one year low of $0.59 and a one year high of $2.24. The stock has a market cap of $45.59 million, a price-to-earnings ratio of -5.30 and a beta of 0.70. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 8.73. The stock’s 50-day simple moving average is $2.17 and its two-hundred day simple moving average is $1.47.

Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings data on Friday, November 14th. The real estate investment trust reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28). The business had revenue of $38.01 million for the quarter, compared to the consensus estimate of $40.20 million. Sotherly Hotels had a negative return on equity of 0.64% and a negative net margin of 0.15%. As a group, sell-side analysts predict that Sotherly Hotels will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research raised Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Sotherly Hotels in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Sotherly Hotels has an average rating of “Reduce”.

Institutional Investors Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. Thompson Davis & CO. Inc. lifted its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 52.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 436,190 shares of the real estate investment trust’s stock after buying an additional 149,489 shares during the period. Thompson Davis & CO. Inc. owned approximately 2.13% of Sotherly Hotels worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.54% of the stock is currently owned by hedge funds and other institutional investors.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a publicly traded real estate investment trust that acquires, develops and operates select-service and midscale hotel properties in the United States. Its common shares trade on the NASDAQ under the symbol SOHO. The company focuses on branded, asset-light opportunities designed to generate stable cash flow and long-term value through strategic acquisitions and capital improvements.

The company’s portfolio comprises properties affiliated with leading national brands—such as Hilton Garden Inn, Hampton Inn, Holiday Inn Express and similar flags—located primarily in the southeastern and mid-Atlantic United States.