Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 200 shares, a decline of 75.0% from the August 15th total of 800 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is currently 0.2 days.
Sotherly Hotels Trading Down 0.9 %
Shares of SOHON traded down $0.16 during mid-day trading on Thursday, reaching $18.32. 3,165 shares of the company’s stock traded hands, compared to its average volume of 2,808. Sotherly Hotels has a 12 month low of $17.98 and a 12 month high of $23.95. The stock’s 50-day moving average is $18.67 and its two-hundred day moving average is $19.17.
Sotherly Hotels Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.5156 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 11.26%.
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.
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