Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHOO) Expands By 700.0%

Sotherly Hotels Inc. (NASDAQ:SOHOO) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 800 shares, an increase of 700.0% from the August 31st total of 100 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 1.1 days.

Sotherly Hotels Price Performance

NASDAQ:SOHOO remained flat at $18.44 during mid-day trading on Friday. 10 shares of the company traded hands, compared to its average volume of 1,775. The stock’s 50 day moving average is $18.36 and its 200 day moving average is $18.69. Sotherly Hotels has a 12-month low of $17.15 and a 12-month high of $23.50.

Sotherly Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.4922 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.97 annualized dividend and a yield of 10.68%.

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.