Short interest in Sotherly Hotels Inc. (NASDAQ:SOHO) down 12.8%

Sotherly Hotels Inc. (NASDAQ:SOHO – Get Free Report ) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 90,900 shares, a decrease of 12.8% from August 31st’s total of 104,200 shares. About 0.6% of the company’s shares are short sold. Based on an average daily trading volume of 29,800 shares, the days-to-cover ratio is currently 3.1 days.

Sotherly Hotels stock performance

SOHO opened at $1.23 on Friday. The company’s fifty-day simple moving average is $1.24, and its 200-day simple moving average is $1.29. The stock has a market cap of $24.32 million, a P/E ratio of -5.83 and a beta of 1.67. The company has a current ratio of 1.38, a quick ratio of 1.38, and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 12-month low of $1.07 and a 12-month high of $1.76.

Analyst upgrades and downgrades

Several equities research analysts have issued reports on SOHO shares. Piper Sandler cut their price target on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. StockNews.com began coverage on Sotherly Hotels in a research note on Wednesday. They set a “hold” rating on the company.

View the latest Sotherly Hotels inventory report

About Sotherly Hotels

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Sotherly Hotels Inc is a self-managed and self-managed lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale full-service hotels in the Southern United States. Sotherly may also acquire hotels throughout the United States in due course.

Further reading

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