Sotherly Hotels Inc. (NASDAQ:SOHO) Short Interest Down 21.0% in November

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 11,300 shares, a decrease of 21.0% from the November 15th total of 14,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 109,600 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

SOHO has been the topic of several recent analyst reports. Piper Sandler dropped their price target on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd. StockNews.com initiated coverage on shares of Sotherly Hotels in a research report on Saturday. They issued a “hold” rating for the company.

Sotherly Hotels Stock Down 3.5 %

NASDAQ SOHO traded down $0.04 during trading on Friday, hitting $1.04. 23,789 shares of the company traded hands, compared to its average volume of 56,218. Sotherly Hotels has a 12 month low of $0.86 and a 12 month high of $1.65. The business has a fifty day simple moving average of $1.13 and a 200 day simple moving average of $1.20. The company has a market capitalization of $20.69 million, a P/E ratio of -3.16 and a beta of 1.58. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16.

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.