Sotherly Hotels Inc. (NASDAQ:SOHON) Short Interest Update

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,813 shares, an increase of 25,472.7% from the November 30th total of 11 shares. Based on an average trading volume of 6,537 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 6,537 shares, the days-to-cover ratio is currently 0.4 days.

Sotherly Hotels Stock Down 0.3%

SOHON opened at $14.99 on Thursday. The firm’s 50-day simple moving average is $14.84 and its 200-day simple moving average is $14.42. Sotherly Hotels has a twelve month low of $10.06 and a twelve month high of $18.45.

About Sotherly Hotels

Sotherly Hotels Inc is a Maryland-based real estate investment trust (REIT) specializing in the ownership and operation of hotel properties across the United States. The company’s primary business activities include acquiring, financing and managing a diversified portfolio of upper-upscale, lifestyle and select-service hotels. Through long-term ownership strategies, Sotherly Hotels seeks to generate stable rental income and capital appreciation by partnering with established hotel operators and brands.

Sotherly Hotels’ revenue streams are derived chiefly from guest room rentals, food and beverage services, event and meeting space rentals, and ancillary amenities.