Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHOB) Drops By 85.7%

Sotherly Hotels Inc. (NASDAQ:SOHOB) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 100 shares, a decrease of 85.7% from the May 31st total of 700 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is currently 0.1 days.

Sotherly Hotels Price Performance

SOHOB remained flat at $18.32 during trading hours on Friday. 2,762 shares of the company traded hands, compared to its average volume of 3,174. Sotherly Hotels has a 1 year low of $17.54 and a 1 year high of $25.00. The stock’s 50-day moving average price is $19.23 and its 200 day moving average price is $19.36.

Sotherly Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend was 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.