Sotherly Hotels Inc. (NASDAQ:SOHO) Sees Large Drop in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 8,600 shares, a drop of 45.9% from the May 15th total of 15,900 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 41,500 shares, the short-interest ratio is presently 0.2 days.

Sotherly Hotels Trading Up 0.7%

Shares of NASDAQ SOHO traded up $0.01 during mid-day trading on Monday, hitting $0.87. The company’s stock had a trading volume of 10,367 shares, compared to its average volume of 56,852. Sotherly Hotels has a one year low of $0.59 and a one year high of $1.54. The company’s fifty day simple moving average is $0.76 and its 200-day simple moving average is $0.82. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $17.75 million, a price-to-earnings ratio of -2.62 and a beta of 0.81.

Sotherly Hotels (NASDAQ:SOHO) last announced its quarterly earnings data on Tuesday, May 13th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $48.31 million for the quarter, compared to analysts’ expectations of $47.40 million. Sotherly Hotels had a net margin of 0.92% and a return on equity of 3.48%. On average, sell-side analysts anticipate that Sotherly Hotels will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sotherly Hotels

Hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new position in shares of Sotherly Hotels during the 4th quarter worth about $33,000. Thompson Davis & CO. Inc. boosted its stake in Sotherly Hotels by 21.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 57,666 shares during the last quarter. Repertoire Partners LP bought a new position in Sotherly Hotels during the 4th quarter worth approximately $442,000. Gamco Investors INC. ET AL grew its holdings in 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 purchasing an additional 161,829 shares during the period. Finally, Gator Capital Management LLC increased its stake in Sotherly Hotels by 17.0% in the first quarter. Gator Capital Management LLC now owns 1,170,147 shares of the real estate investment trust’s stock valued at $865,000 after purchasing an additional 169,960 shares in the last quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Sotherly Hotels in a research report on Thursday, May 15th. They set a “hold” rating for the company.

About Sotherly Hotels

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.