Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHOB) Drops By 54.8%

Sotherly Hotels Inc. (NASDAQ:SOHOB) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,400 shares, a decrease of 54.8% from the March 31st total of 3,100 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is presently 0.3 days.

Sotherly Hotels Trading Up 1.0 %

Shares of SOHOB stock traded up $0.19 on Friday, reaching $19.25. The company’s stock had a trading volume of 1,230 shares, compared to its average volume of 4,167. The stock’s fifty day simple moving average is $19.05 and its 200-day simple moving average is $20.24. Sotherly Hotels has a 1 year low of $17.60 and a 1 year high of $25.45.

Sotherly Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.50 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.39%.

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.