Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Down 56.3% in February

Sotherly Hotels Inc. (NASDAQ:SOHO) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 14,700 shares, a decrease of 56.3% from the February 13th total of 33,600 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 52,900 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Sotherly Hotels

Several hedge funds have recently bought and sold shares of SOHO. Prudential Financial Inc. bought a new stake in shares of Sotherly Hotels during the fourth quarter worth $33,000. Thompson Davis & CO. Inc. increased its stake in Sotherly Hotels by 21.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 57,666 shares during the period. Repertoire Partners LP bought a new stake in Sotherly Hotels during the 4th quarter valued at about $442,000. Gamco Investors INC. ET AL boosted its position in Sotherly Hotels by 34.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 161,829 shares during the period. Finally, Gator Capital Management LLC grew its stake in Sotherly Hotels by 4.8% in the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after acquiring an additional 45,383 shares in the last quarter. Institutional investors own 27.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Sotherly Hotels in a research note on Wednesday. They set a “hold” rating for the company.

Sotherly Hotels Trading Down 0.1 %

SOHO opened at $0.81 on Thursday. Sotherly Hotels has a one year low of $0.78 and a one year high of $1.54. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $16.08 million, a price-to-earnings ratio of -2.46 and a beta of 1.51. The stock’s 50 day moving average price is $0.85 and its 200-day moving average price is $1.04.

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.