Sotherly Hotels Inc. (NASDAQ:SOHOO) Short Interest Down 83.2% in March

Sotherly Hotels Inc. (NASDAQ:SOHOO) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,460 shares, a decrease of 83.2% from the February 26th total of 8,671 shares. Based on an average daily volume of 7,278 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 7,278 shares, the days-to-cover ratio is presently 0.2 days.

Sotherly Hotels Trading Down 10.6%

Shares of SOHOO opened at $13.77 on Wednesday. The business’s fifty day moving average price is $18.51 and its two-hundred day moving average price is $16.21. Sotherly Hotels has a 52 week low of $9.71 and a 52 week high of $19.12.

Sotherly Hotels Company Profile

Sotherly Hotels, Inc is a real estate investment trust (REIT) that acquires, owns and operates upper-upscale and upscale hotels under long-term, triple-net lease agreements. The company focuses on branded lodging properties in leisure-oriented and coastal markets, partnering with leading hotel operators to deliver consistent guest experiences and stable income streams. Its portfolio is geographically concentrated in the Southeastern United States, where tourism and travel demand support sustainable occupancy levels and growth potential.

Originally formed as a private REIT in 2012, Sotherly Hotels transitioned to a publicly traded company in December 2017, listing its shares on the NASDAQ under the ticker SOHOO.