Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Down 52.7% in December

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 26,800 shares, a decline of 52.7% from the December 15th total of 56,700 shares. Based on an average daily trading volume, of 111,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Sotherly Hotels Price Performance

Shares of SOHO stock traded down $0.04 during mid-day trading on Thursday, reaching $0.87. The stock had a trading volume of 38,454 shares, compared to its average volume of 32,975. The company has a market cap of $17.22 million, a P/E ratio of -2.63 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. Sotherly Hotels has a 12-month low of $0.85 and a 12-month high of $1.54. The business has a 50-day simple moving average of $1.00 and a 200 day simple moving average of $1.15.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Sotherly Hotels in a research report on Wednesday. They issued a “hold” rating for the company.

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.