Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHOO) Expands By 700.0%

Sotherly Hotels Inc. (NASDAQ:SOHOO) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 800 shares, a growth of 700.0% from the August 31st total of 100 shares. Based on an average trading volume of 700 shares, the short-interest ratio is presently 1.1 days.

Sotherly Hotels Stock Performance

SOHOO remained flat at $18.44 during trading hours on Friday. 10 shares of the company were exchanged, compared to its average volume of 1,775. The business’s fifty day moving average price is $18.36 and its two-hundred day moving average price is $18.69. Sotherly Hotels has a 1-year low of $17.15 and a 1-year high of $23.50.

Sotherly Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.4922 per share. This represents a $1.97 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date of this dividend was Friday, August 30th.

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.