Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Increases By 76.6%

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 87,600 shares, an increase of 76.6% from the June 30th total of 49,600 shares. Based on an average daily volume of 33,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.6% of the company’s stock are short sold.

Sotherly Hotels Stock Performance

SOHO stock traded up $0.01 during mid-day trading on Friday, reaching $1.31. 6,045 shares of the stock traded hands, compared to its average volume of 28,246. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 52 week low of $1.07 and a 52 week high of $2.45. The business has a 50-day moving average of $1.26 and a two-hundred day moving average of $1.34. The firm has a market capitalization of $26.00 million, a PE ratio of -6.24 and a beta of 1.67.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.24). Sotherly Hotels had a net margin of 2.18% and a return on equity of 7.86%. The firm had revenue of $46.55 million for the quarter, compared to the consensus estimate of $45.80 million. During the same quarter last year, the company earned $0.24 earnings per share. As a group, equities analysts predict that Sotherly Hotels will post 0.64 EPS for the current fiscal year.

Institutional Trading of Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. J.W. Cole Advisors Inc. lifted its stake in Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,650 shares of the real estate investment trust’s stock after purchasing an additional 8,050 shares during the period. J.W. Cole Advisors Inc. owned 0.27% of Sotherly Hotels worth $80,000 at the end of the most recent quarter. 27.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Sotherly Hotels in a research note on Tuesday, July 23rd. They issued a “hold” rating on the 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.