Sotherly Hotels Inc. (NASDAQ:SOHO) Sees Significant Decline in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 44,200 shares, a decrease of 35.3% from the March 31st total of 68,300 shares. Based on an average daily volume of 41,200 shares, the short-interest ratio is currently 1.1 days.

Sotherly Hotels Price Performance

SOHO stock traded up $0.02 during trading on Friday, hitting $1.31. 36,774 shares of the company’s stock traded hands, compared to its average volume of 29,517. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. Sotherly Hotels has a 52 week low of $1.13 and a 52 week high of $2.50. The business has a fifty day simple moving average of $1.36 and a 200 day simple moving average of $1.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Sotherly Hotels in a research report on Friday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. boosted its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,650 shares of the real estate investment trust’s stock after purchasing an additional 8,050 shares during the period. J.W. Cole Advisors Inc. owned about 0.27% of Sotherly Hotels worth $80,000 as of its most recent SEC filing. 27.54% of the stock is owned by hedge funds and other institutional investors.

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.