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

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 3,800 shares, an increase of 660.0% from the August 31st total of 500 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 1.7 days.

Sotherly Hotels Stock Performance

Shares of NASDAQ:SOHON opened at $11.77 on Wednesday. The business has a fifty day moving average of $13.38 and a two-hundred day moving average of $15.44. Sotherly Hotels has a 52-week low of $10.06 and a 52-week high of $18.75.

Sotherly Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be issued a $0.5156 dividend. This represents a $2.06 annualized dividend and a yield of 17.5%. The ex-dividend date is Friday, October 31st.

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.