Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHON) Increases By 56.4%

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,562 shares, a growth of 56.4% from the February 26th total of 999 shares. Based on an average trading volume of 14,092 shares, the days-to-cover ratio is currently 0.1 days.

Sotherly Hotels Stock Up 8.7%

Shares of NASDAQ SOHON opened at $13.47 on Friday. The firm’s 50 day simple moving average is $15.98 and its 200-day simple moving average is $14.65. Sotherly Hotels has a 12 month low of $10.06 and a 12 month high of $18.42.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a Maryland-based real estate investment trust (REIT) specializing in the ownership and operation of hotel properties across the United States. The company’s primary business activities include acquiring, financing and managing a diversified portfolio of upper-upscale, lifestyle and select-service hotels. Through long-term ownership strategies, Sotherly Hotels seeks to generate stable rental income and capital appreciation by partnering with established hotel operators and brands.

Sotherly Hotels’ revenue streams are derived chiefly from guest room rentals, food and beverage services, event and meeting space rentals, and ancillary amenities.