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

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. grew its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,650 shares of the real estate investment trust’s stock after purchasing an additional 8,050 shares during the period. J.W. Cole Advisors Inc. owned about 0.27% of Sotherly Hotels worth $80,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Trading Up 1.6 %

Shares of Sotherly Hotels stock traded up $0.02 on Friday, reaching $1.31. 36,774 shares of the company’s stock were exchanged, compared to its average volume of 29,517. Sotherly Hotels has a 52 week low of $1.13 and a 52 week high of $2.50. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50-day moving average is $1.36 and its two-hundred day moving average is $1.45.

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.