Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHON) Expands By 25,472.7%

Sotherly Hotels Inc. (NASDAQ:SOHON) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,813 shares, a growth of 25,472.7% from the November 30th total of 11 shares. Based on an average trading volume of 6,537 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 6,537 shares, the days-to-cover ratio is presently 0.4 days.

Sotherly Hotels Price Performance

Sotherly Hotels stock traded down $0.04 during mid-day trading on Wednesday, reaching $14.99. 1,723 shares of the company’s stock traded hands, compared to its average volume of 3,988. Sotherly Hotels has a 12-month low of $10.06 and a 12-month high of $18.45. The stock has a 50 day moving average of $14.76 and a two-hundred day moving average of $14.42.

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.