Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Expands By 68.7%

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 192,913 shares, a growth of 68.7% from the December 15th total of 114,346 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 90,435 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 90,435 shares, the short-interest ratio is presently 2.1 days. Approximately 1.1% of the company’s shares are short sold.

Sotherly Hotels Trading Up 0.5%

Shares of Sotherly Hotels stock opened at $2.17 on Friday. The stock has a market cap of $44.46 million, a price-to-earnings ratio of -5.17 and a beta of 0.70. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 8.73. The company has a fifty day simple moving average of $2.16 and a 200-day simple moving average of $1.39. Sotherly Hotels has a 12-month low of $0.59 and a 12-month high of $2.20.

Sotherly Hotels (NASDAQ:SOHO) last issued its earnings results on Friday, November 14th. The real estate investment trust reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.28). The firm had revenue of $38.01 million during the quarter, compared to analyst estimates of $40.20 million. Sotherly Hotels had a negative net margin of 0.15% and a negative return on equity of 0.64%. On average, equities analysts forecast that Sotherly Hotels will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SOHO. Zacks Research upgraded shares of Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Sotherly Hotels in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

Hedge Funds Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. Gamco Investors INC. ET AL boosted its stake in Sotherly Hotels Inc. (NASDAQ:SOHO) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 857,800 shares of the real estate investment trust’s stock after purchasing an additional 22,000 shares during the period. Gamco Investors INC. ET AL owned approximately 4.19% of Sotherly Hotels worth $815,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.