Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, an increase of 66.7% from the March 31st total of 300 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 0.2 days.
Sotherly Hotels Price Performance
Shares of Sotherly Hotels stock opened at $19.25 on Friday. The firm has a 50-day moving average of $19.36 and a 200-day moving average of $20.41. Sotherly Hotels has a 52-week low of $18.70 and a 52-week high of $25.50.
Sotherly Hotels Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.5156 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.06 annualized dividend and a yield of 10.72%.
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.
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