Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Update

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 9,500 shares, a drop of 35.4% from the February 28th total of 14,700 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 42,500 shares, the short-interest ratio is currently 0.2 days.

Sotherly Hotels Stock Down 0.1 %

Shares of SOHO traded down $0.00 during trading hours on Friday, hitting $0.69. The company had a trading volume of 55,738 shares, compared to its average volume of 54,723. Sotherly Hotels has a one year low of $0.65 and a one year high of $1.54. The company’s fifty day moving average price is $0.81 and its two-hundred day moving average price is $1.00. The company has a market capitalization of $13.70 million, a PE ratio of -2.09 and a beta of 1.51. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16.

Hedge Funds Weigh In On Sotherly Hotels

A number of large investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. grew its position in shares of Sotherly Hotels by 21.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 57,666 shares during the last quarter. Repertoire Partners LP acquired a new stake in Sotherly Hotels in the fourth quarter valued at approximately $442,000. Gamco Investors INC. ET AL grew its holdings in Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 161,829 shares during the last quarter. Prudential Financial Inc. purchased a new position in Sotherly Hotels in the fourth quarter worth $33,000. Finally, Gator Capital Management LLC lifted its holdings in shares of Sotherly Hotels by 4.8% during the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 45,383 shares during the last quarter. 27.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Sotherly Hotels in a research note on Friday. They set a “hold” rating on the stock.

Sotherly Hotels Company Profile

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.