Sotherly Hotels Inc. (NASDAQ:SOHON) Sees Significant Drop in Short Interest
by Jessica Moore · The Cerbat GemSotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1 shares, a decrease of 100.0% from the December 15th total of 2,813 shares. Based on an average daily trading volume, of 10,841 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 10,841 shares, the days-to-cover ratio is currently 0.0 days.
Sotherly Hotels Price Performance
Shares of SOHON stock opened at $15.50 on Wednesday. The stock has a 50 day moving average price of $15.28 and a 200 day moving average price of $14.30. Sotherly Hotels has a 52-week low of $10.06 and a 52-week high of $18.45.
About Sotherly Hotels
Sotherly Hotels Inc is a Maryland-based real estate investment trust (REIT) specializing in the ownership and operation of hotel properties across the United States. The company’s primary business activities include acquiring, financing and managing a diversified portfolio of upper-upscale, lifestyle and select-service hotels. Through long-term ownership strategies, Sotherly Hotels seeks to generate stable rental income and capital appreciation by partnering with established hotel operators and brands.
Sotherly Hotels’ revenue streams are derived chiefly from guest room rentals, food and beverage services, event and meeting space rentals, and ancillary amenities.