Sotherly Hotels Inc. (NASDAQ:SOHO) Sees Large Drop in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 9,500 shares, a drop of 35.4% from the February 28th total of 14,700 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 42,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Sotherly Hotels

Several hedge funds and other institutional investors have recently bought and sold shares of SOHO. Repertoire Partners LP purchased a new stake in Sotherly Hotels in the 4th quarter worth approximately $442,000. Gamco Investors INC. ET AL boosted its holdings in Sotherly Hotels by 34.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 161,829 shares in the last quarter. Gator Capital Management LLC boosted its holdings in Sotherly Hotels by 4.8% during the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 45,383 shares in the last quarter. Prudential Financial Inc. purchased a new position in Sotherly Hotels in the fourth quarter valued at $33,000. Finally, Thompson Davis & CO. Inc. raised its position in shares of Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 57,666 shares during the period. 27.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Sotherly Hotels in a research note on Friday. They issued a “hold” rating for the company.

Sotherly Hotels Stock Performance

Shares of SOHO stock traded down $0.00 during trading hours on Friday, hitting $0.69. The company’s stock had a trading volume of 55,738 shares, compared to its average volume of 54,723. The stock has a market cap of $13.70 million, a PE ratio of -2.09 and a beta of 1.51. Sotherly Hotels has a 12-month low of $0.65 and a 12-month high of $1.54. The company has a 50 day moving average of $0.81 and a 200 day moving average of $1.00. 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 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.