Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHON) Drops By 50.0%

Sotherly Hotels Inc. (NASDAQ:SOHON) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 100 shares, a drop of 50.0% from the May 15th total of 200 shares. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is presently 0.0 days.

Sotherly Hotels Price Performance

Shares of Sotherly Hotels stock traded up $0.02 during mid-day trading on Friday, hitting $19.22. 4,116 shares of the stock were exchanged, compared to its average volume of 3,404. The company has a 50-day simple moving average of $19.52 and a 200 day simple moving average of $19.75. Sotherly Hotels has a 12 month low of $18.70 and a 12 month high of $25.25.

Sotherly Hotels Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 10.73%. This is a positive change from Sotherly Hotels’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, May 31st.

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.