Sotherly Hotels Inc. (NASDAQ:SOHO) saw a large drop in short interest in January. As of January 31st, there was short interest totaling 25,400 shares, a drop of 89.6% from the January 15th total of 243,400 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 89,300 shares, the short-interest ratio is currently 0.3 days.
Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Sotherly Hotels by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 89,564 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 4,274 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Sotherly Hotels by 61.9% in the second quarter. Squarepoint Ops LLC now owns 68,548 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 26,214 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Sotherly Hotels by 22.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 46,434 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 8,600 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Sotherly Hotels in the third quarter valued at $107,000. Finally, Golden State Equity Partners purchased a new stake in shares of Sotherly Hotels in the third quarter valued at $99,000. Institutional investors own 12.64% of the company’s stock.
separately, Zacks Investment Research upgraded shares of Sotherly Hotels from a “sell” rating to a “hold” rating in a research report on Thursday, January 20th.
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Shares of Sotherly Hotels stock traded down $0.09 during trading hours on Friday, reaching $2.42. The company’s stock had a trading volume of 512 shares, compared to its average volume of 59,223. The company’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.34. The company has a debt-to-equity ratio of 11.52, a quick ratio of 0.94 and a current ratio of 0.94. Sotherly Hotels has a one year low of $1.89 and a one year high of $4.49. The stock has a market cap of $40.46 million, a P/E ratio of -1.21 and a beta of 1.97.
Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings data on Friday, November 12th. The real estate investment trust reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.06. Sotherly Hotels had a negative net margin of 21.48% and a negative return on equity of 61.32%. During the same period in the prior year, the firm posted ($0.55) EPS. On average, sell-side analysts predict that Sotherly Hotels will post -0.36 earnings per share for the current fiscal year.
Sotherly Hotels Company Profile
Sotherly Hotels, Inc is a real estate investment trust which engages in the ownership and management of hotels. It operates under the Hilton, CrownePlaza, DoubleTree, and Sheraton brands. The company was founded in August 2004 and is headquartered in Williamsburg, VA.
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