Sotherly Hotels Inc. (NASDAQ:SOHON) Short Interest Update

Sotherly Hotels Inc. (NASDAQ:SOHON) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 700 shares, a decline of 56.3% from the June 30th total of 1,600 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is currently 0.3 days.

Sotherly Hotels Price Performance

Sotherly Hotels stock traded down $0.15 on Friday, reaching $18.60. The company’s stock had a trading volume of 1,743 shares, compared to its average volume of 2,980. The business’s fifty day moving average price is $19.24 and its 200 day moving average price is $19.40. Sotherly Hotels has a twelve month low of $18.47 and a twelve month high of $25.08.

Sotherly Hotels Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Sotherly Hotels’s previous quarterly dividend of $0.52.

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.