Sotherly Hotels Inc. (NASDAQ:SOHON) Short Interest Update

by · The Cerbat Gem

Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 472 shares, an increase of 47,100.0% from the December 31st total of 1 shares. Based on an average trading volume of 8,792 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 8,792 shares, the days-to-cover ratio is currently 0.1 days.

Sotherly Hotels Stock Up 0.4%

Shares of SOHON traded up $0.06 during trading hours on Tuesday, reaching $16.22. 19,007 shares of the company traded hands, compared to its average volume of 15,830. Sotherly Hotels has a 12-month low of $10.06 and a 12-month high of $18.42. The stock’s fifty day moving average price is $15.30 and its 200 day moving average price is $14.24.

About Sotherly Hotels

(Get Free Report)

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.

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