Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHON) Drops By 50.0%

Sotherly Hotels Inc. (NASDAQ:SOHON) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the October 31st total of 200 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 0.1 days.

Sotherly Hotels Price Performance

SOHON stock traded up $0.26 during trading on Friday, reaching $17.49. The company had a trading volume of 1,208 shares, compared to its average volume of 2,696. Sotherly Hotels has a 52 week low of $17.10 and a 52 week high of $21.75. The business has a 50 day moving average of $18.32 and a 200 day moving average of $18.75.

Sotherly Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 11.80%. The ex-dividend date is Friday, November 29th.

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.