Short Interest in Sotherly Hotels Inc. (NASDAQ:SOHON) Drops By 78.9%

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 800 shares, a decline of 78.9% from the September 15th total of 3,800 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 0.4 days.

Sotherly Hotels Stock Performance

SOHON stock opened at $11.30 on Friday. Sotherly Hotels has a 52-week low of $10.06 and a 52-week high of $18.75. The stock’s 50 day moving average is $12.18 and its two-hundred day moving average is $14.97.

Sotherly Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be issued a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 18.3%. The ex-dividend date is Friday, October 31st.

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.