Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Declines By 45.9%

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 8,600 shares, a drop of 45.9% from the May 15th total of 15,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 41,500 shares, the short-interest ratio is presently 0.2 days.

Sotherly Hotels Stock Performance

Shares of Sotherly Hotels stock traded down $0.02 during trading on Friday, hitting $0.86. 9,014 shares of the company’s stock traded hands, compared to its average volume of 57,039. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. Sotherly Hotels has a 1 year low of $0.59 and a 1 year high of $1.54. The stock has a market capitalization of $17.62 million, a P/E ratio of -2.61 and a beta of 0.81. The business has a 50-day simple moving average of $0.76 and a 200-day simple moving average of $0.82.

Sotherly Hotels (NASDAQ:SOHO) last posted its earnings results on Tuesday, May 13th. The real estate investment trust reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Sotherly Hotels had a return on equity of 3.48% and a net margin of 0.92%. The company had revenue of $48.31 million for the quarter, compared to the consensus estimate of $47.40 million. As a group, analysts forecast that Sotherly Hotels will post 0.55 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Sotherly Hotels in a research report on Thursday, May 15th. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SOHO. Prudential Financial Inc. bought a new position in Sotherly Hotels in the fourth quarter valued at about $33,000. Thompson Davis & CO. Inc. raised its stake in shares of Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 57,666 shares during the period. Repertoire Partners LP bought a new position in shares of Sotherly Hotels in the fourth quarter worth about $442,000. Gamco Investors INC. ET AL raised its stake in shares of Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 161,829 shares during the period. Finally, Gator Capital Management LLC raised its stake in shares of Sotherly Hotels by 17.0% in the first quarter. Gator Capital Management LLC now owns 1,170,147 shares of the real estate investment trust’s stock worth $865,000 after buying an additional 169,960 shares during the period. Institutional investors own 27.54% of the company’s stock.

About Sotherly Hotels

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.