Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Drops By 35.3%

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 44,200 shares, a drop of 35.3% from the March 31st total of 68,300 shares. Based on an average daily volume of 41,200 shares, the short-interest ratio is currently 1.1 days.

Sotherly Hotels Price Performance

SOHO stock traded up $0.02 during trading on Friday, hitting $1.31. The stock had a trading volume of 36,774 shares, compared to its average volume of 29,517. The stock has a market cap of $26.02 million, a price-to-earnings ratio of -6.24 and a beta of 1.63. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. The company’s 50 day moving average price is $1.36 and its two-hundred day moving average price is $1.45. Sotherly Hotels has a 1-year low of $1.13 and a 1-year high of $2.50.

Institutional Investors Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. PSI Advisors LLC boosted its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 20.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 105,575 shares of the real estate investment trust’s stock after acquiring an additional 18,000 shares during the period. PSI Advisors LLC owned about 0.54% of Sotherly Hotels worth $157,000 at the end of the most recent reporting period. 27.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.