Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Drops By 56.3%

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 14,700 shares, a drop of 56.3% from the February 13th total of 33,600 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 52,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Sotherly Hotels

A number of hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. purchased a new position in shares of Sotherly Hotels in the fourth quarter valued at $33,000. Thompson Davis & CO. Inc. grew its position in Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 57,666 shares in the last quarter. Repertoire Partners LP bought a new stake in Sotherly Hotels during the fourth quarter worth approximately $442,000. Gamco Investors INC. ET AL raised its position in Sotherly Hotels by 34.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 161,829 shares during the period. Finally, Gator Capital Management LLC lifted its stake in shares of 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 valued at $932,000 after purchasing an additional 45,383 shares during the last quarter. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHO opened at $0.81 on Thursday. 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 firm has a market cap of $16.08 million, a price-to-earnings ratio of -2.46 and a beta of 1.51. The firm has a fifty day moving average price of $0.85 and a 200 day moving average price of $1.04. Sotherly Hotels has a fifty-two week low of $0.78 and a fifty-two week high of $1.54.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Sotherly Hotels in a research note on Wednesday. They issued a “hold” rating for the company.

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.