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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 187,500 shares, a growth of 37.1% from the September 30th total of 136,800 shares. Based on an average daily trading volume, of 183,300 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.4% of the shares of the stock are sold short. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 183,300 shares, the days-to-cover ratio is presently 1.0 days.

Sotherly Hotels Price Performance

SOHO traded up $0.01 during trading hours on Monday, hitting $2.13. The company’s stock had a trading volume of 601,184 shares, compared to its average volume of 150,026. The business’s 50-day moving average price is $0.96 and its 200-day moving average price is $0.88. Sotherly Hotels has a 12 month low of $0.59 and a 12 month high of $2.15. The stock has a market cap of $43.65 million, a price-to-earnings ratio of -6.26 and a beta of 0.96. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 7.10.

Sotherly Hotels (NASDAQ:SOHO) last announced its quarterly earnings results on Tuesday, August 12th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.13). Sotherly Hotels had a return on equity of 3.69% and a net margin of 0.89%.The business had revenue of $48.79 million during the quarter, compared to the consensus estimate of $51.80 million. Sotherly Hotels has set its FY 2025 guidance at 0.340-0.370 EPS. Sell-side analysts expect that Sotherly Hotels will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its holdings in shares of Sotherly Hotels by 2.6% in the second quarter. Gamco Investors INC. ET AL now owns 857,800 shares of the real estate investment trust’s stock worth $815,000 after purchasing an additional 22,000 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Sotherly Hotels by 52.1% in the second quarter. Thompson Davis & CO. Inc. now owns 436,190 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 149,489 shares during the last quarter. Finally, Gator Capital Management LLC grew its holdings in shares of 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 worth $865,000 after purchasing an additional 169,960 shares during the last quarter. Institutional investors own 27.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SOHO. Zacks Research raised shares of Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Sotherly Hotels in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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.