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

Sotherly Hotels Inc. (NASDAQ:SOHON) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 700 shares, a decline of 56.3% from the June 30th total of 1,600 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 0.3 days.

Sotherly Hotels Stock Down 0.8 %

Shares of SOHON stock traded down $0.15 during trading hours on Friday, reaching $18.60. 1,743 shares of the company traded hands, compared to its average volume of 2,980. Sotherly Hotels has a 12-month low of $18.47 and a 12-month high of $25.08. The firm has a 50-day moving average price of $19.24 and a 200 day moving average price of $19.40.

Sotherly Hotels Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.5156 dividend. The ex-dividend date was Friday, May 31st. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.52. This represents a $2.06 dividend on an annualized basis and a yield of 11.09%.

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.