SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) Sees Significant Growth in Short Interest

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 110,300 shares, a growth of 9.9% from the January 15th total of 100,400 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 33,700 shares, the short-interest ratio is currently 3.3 days.

Separately, Zacks Investment Research upgraded shares of SOTHERLY HOTELS/SH SH from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th.

Shares of SOHO traded down $0.07 during mid-day trading on Friday, reaching $6.16. 14,663 shares of the stock traded hands, compared to its average volume of 33,379. The firm has a fifty day moving average price of $6.47 and a 200 day moving average price of $6.62. The company has a market cap of $88.20 million, a price-to-earnings ratio of -13.40 and a beta of 0.76. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 3.37. SOTHERLY HOTELS/SH SH has a 1 year low of $6.00 and a 1 year high of $7.69.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Friday, March 13th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.44%. SOTHERLY HOTELS/SH SH’s dividend payout ratio (DPR) is currently 50.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of SOTHERLY HOTELS/SH SH by 3.5% during the 4th quarter. UBS Group AG now owns 252,700 shares of the real estate investment trust’s stock worth $1,713,000 after acquiring an additional 8,625 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of SOTHERLY HOTELS/SH SH by 4.5% during the 4th quarter. Renaissance Technologies LLC now owns 687,819 shares of the real estate investment trust’s stock worth $4,663,000 after acquiring an additional 29,672 shares during the last quarter. Vestcor Investment Management Corp bought a new stake in shares of SOTHERLY HOTELS/SH SH during the 4th quarter worth $143,000. Hancock Whitney Corp bought a new stake in shares of SOTHERLY HOTELS/SH SH during the 4th quarter worth $172,000. Finally, Advisory Services Network LLC bought a new stake in shares of SOTHERLY HOTELS/SH SH during the 4th quarter worth $61,000. Hedge funds and other institutional investors own 29.11% of the company’s stock.

SOTHERLY HOTELS/SH SH 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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.

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