Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHO) Increases By 76.6%

Sotherly Hotels Inc. (NASDAQ:SOHO) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 87,600 shares, a growth of 76.6% from the June 30th total of 49,600 shares. Based on an average trading volume of 33,000 shares, the short-interest ratio is presently 2.7 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. PSI Advisors LLC lifted its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 117,519 shares of the real estate investment trust’s stock after buying an additional 11,944 shares during the period. PSI Advisors LLC owned about 0.59% of Sotherly Hotels worth $170,000 as of its most recent SEC filing. 27.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Sotherly Hotels in a research note on Tuesday, July 23rd. They issued a “hold” rating for the company.

Sotherly Hotels Trading Up 0.8 %

Shares of NASDAQ:SOHO traded up $0.01 during midday trading on Friday, hitting $1.31. 6,045 shares of the stock traded hands, compared to its average volume of 28,246. The stock has a market capitalization of $26.00 million, a PE ratio of -6.24 and a beta of 1.67. The business’s 50 day moving average is $1.26 and its two-hundred day moving average is $1.34. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a one year low of $1.07 and a one year high of $2.45.

Sotherly Hotels (NASDAQ:SOHO) last announced its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.24). Sotherly Hotels had a net margin of 2.18% and a return on equity of 7.86%. The company had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $45.80 million. During the same quarter in the prior year, the firm earned $0.24 EPS. As a group, research analysts forecast that Sotherly Hotels will post 0.64 earnings per share for the current year.

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.