Sotherly Hotels Inc. (NASDAQ:SOHO) Sees Large Growth in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHO) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 34,200 shares, a growth of 96.6% from the January 15th total of 17,400 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 81,300 shares, the short-interest ratio is currently 0.4 days.

Sotherly Hotels Stock Down 0.5 %

NASDAQ SOHO traded down $0.00 on Thursday, hitting $0.83. 20,391 shares of the stock traded hands, compared to its average volume of 48,341. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. The stock has a 50-day moving average of $0.92 and a 200 day moving average of $1.09. Sotherly Hotels has a twelve month low of $0.78 and a twelve month high of $1.54. The company has a market capitalization of $16.40 million, a P/E ratio of -2.50 and a beta of 1.53.

Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.30). The firm had revenue of $40.70 million for the quarter, compared to analyst estimates of $42.00 million. Sotherly Hotels had a net margin of 0.92% and a return on equity of 3.48%. As a group, analysts expect that Sotherly Hotels will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sotherly Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. raised its position in shares of Sotherly Hotels by 21.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after purchasing an additional 57,666 shares during the period. Prudential Financial Inc. acquired a new stake in Sotherly Hotels in the fourth quarter worth $33,000. Finally, Gator Capital Management LLC lifted its stake in Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after buying an additional 45,383 shares during the last quarter. 27.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Sotherly Hotels in a report on Saturday, February 8th. They set 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.