Sotherly Hotels Inc. (NASDAQ:SOHO) Sees Significant Growth in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 386,698 shares, an increase of 100.5% from the December 31st total of 192,913 shares. Based on an average trading volume of 118,840 shares, the short-interest ratio is presently 3.3 days. Currently, 2.2% of the shares of the company are short sold. Currently, 2.2% of the shares of the company are short sold. Based on an average trading volume of 118,840 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Zacks Research upgraded Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Sotherly Hotels in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sotherly Hotels stock. Thompson Davis & CO. Inc. increased its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 52.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 436,190 shares of the real estate investment trust’s stock after purchasing an additional 149,489 shares during the quarter. Thompson Davis & CO. Inc. owned 2.13% of Sotherly Hotels worth $414,000 at the end of the most recent quarter. 27.54% of the stock is currently owned by institutional investors and hedge funds.

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHO opened at $2.21 on Friday. The firm has a market cap of $45.28 million, a price-to-earnings ratio of -5.26 and a beta of 0.70. The firm has a fifty day moving average price of $2.17 and a 200 day moving average price of $1.48. Sotherly Hotels has a fifty-two week low of $0.59 and a fifty-two week high of $2.24. The company has a debt-to-equity ratio of 8.73, a quick ratio of 1.62 and a current ratio of 1.62.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings data on Friday, November 14th. The real estate investment trust reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28). The company had revenue of $38.01 million for the quarter, compared to the consensus estimate of $40.20 million. Sotherly Hotels had a negative net margin of 0.15% and a negative return on equity of 0.64%. As a group, sell-side analysts expect that Sotherly Hotels will post 0.55 earnings per share for the current fiscal year.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a publicly traded real estate investment trust that acquires, develops and operates select-service and midscale hotel properties in the United States. Its common shares trade on the NASDAQ under the symbol SOHO. The company focuses on branded, asset-light opportunities designed to generate stable cash flow and long-term value through strategic acquisitions and capital improvements.

The company’s portfolio comprises properties affiliated with leading national brands—such as Hilton Garden Inn, Hampton Inn, Holiday Inn Express and similar flags—located primarily in the southeastern and mid-Atlantic United States.