Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Declines By 30.5%

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 6,600 shares, a decline of 30.5% from the March 15th total of 9,500 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,200 shares, the short-interest ratio is presently 0.2 days.

Sotherly Hotels Price Performance

SOHO traded up $0.03 on Friday, hitting $0.72. 18,486 shares of the company’s stock were exchanged, compared to its average volume of 56,076. Sotherly Hotels has a fifty-two week low of $0.59 and a fifty-two week high of $1.54. The stock has a market cap of $14.48 million, a price-to-earnings ratio of -2.18 and a beta of 1.06. The firm has a 50-day moving average price of $0.76 and a 200-day moving average price of $0.94. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16.

Hedge Funds Weigh In On Sotherly Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of SOHO. Prudential Financial Inc. purchased a new position in Sotherly Hotels in the 4th quarter worth approximately $33,000. Gator Capital Management LLC increased its holdings in shares of Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 45,383 shares during the last quarter. Thompson Davis & CO. Inc. lifted its position in Sotherly Hotels by 21.7% during 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 in the last quarter. Repertoire Partners LP acquired a new position in Sotherly Hotels during the fourth quarter worth $442,000. Finally, Gamco Investors INC. ET AL boosted its stake in Sotherly Hotels by 34.7% during 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 last quarter. 27.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Sotherly Hotels in a research report on Sunday, April 13th. They issued a “hold” rating on the stock.

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.