Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report) was the recipient of 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 days-to-cover ratio is presently 1.1 days.
Sotherly Hotels Stock Performance
Shares of SOHOO stock remained flat at $18.15 during trading hours on Wednesday. The stock had a trading volume of 22 shares, compared to its average volume of 1,765. The company has a 50 day moving average price of $18.36 and a 200-day moving average price of $18.70. Sotherly Hotels has a 12 month low of $17.15 and a 12 month 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 $0.4922 dividend. This represents a $1.97 annualized dividend and a yield of 10.85%. The ex-dividend date was Friday, August 30th.
About Sotherly Hotels
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.
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