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

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 44,200 shares, a drop of 35.3% from the March 31st total of 68,300 shares. Based on an average trading volume of 41,200 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sotherly Hotels stock. PSI Advisors LLC boosted its holdings in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,519 shares of the real estate investment trust’s stock after buying an additional 11,944 shares during the period. PSI Advisors LLC owned approximately 0.59% of Sotherly Hotels worth $170,000 as of its most recent SEC filing. Institutional investors and hedge funds own 27.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Sotherly Hotels in a report on Friday. They set a “hold” rating on the stock.

Sotherly Hotels Price Performance

NASDAQ:SOHO traded down $0.01 during mid-day trading on Monday, hitting $1.30. 24,990 shares of the stock traded hands, compared to its average volume of 44,975. The business’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.44. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.63. The company has a market cap of $25.81 million, a PE ratio of -6.19 and a beta of 1.63. Sotherly Hotels has a 12-month low of $1.13 and a 12-month high of $2.50.

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.