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

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 999 shares, a drop of 39.6% from the February 12th total of 1,654 shares. Based on an average trading volume of 6,961 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 6,961 shares, the short-interest ratio is presently 0.1 days.

Sotherly Hotels Stock Performance

Shares of SOHON traded down $0.01 during mid-day trading on Friday, reaching $16.60. The stock had a trading volume of 164 shares, compared to its average volume of 13,718. Sotherly Hotels has a 12 month low of $10.06 and a 12 month high of $18.42. The business has a fifty day moving average of $16.06 and a 200 day moving average of $14.39.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a Maryland-based real estate investment trust (REIT) specializing in the ownership and operation of hotel properties across the United States. The company’s primary business activities include acquiring, financing and managing a diversified portfolio of upper-upscale, lifestyle and select-service hotels. Through long-term ownership strategies, Sotherly Hotels seeks to generate stable rental income and capital appreciation by partnering with established hotel operators and brands.

Sotherly Hotels’ revenue streams are derived chiefly from guest room rentals, food and beverage services, event and meeting space rentals, and ancillary amenities.