Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report)’s share price dropped 59.6% on Monday . The stock traded as low as $1.30 and last traded at $1.3250. Approximately 1,519 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 5,558 shares. The stock had previously closed at $3.28.
Sotherly Hotels Price Performance
The business has a 50-day moving average of $3.84 and a 200-day moving average of $12.10.
About Sotherly Hotels
Sotherly Hotels, Inc is a real estate investment trust (REIT) that acquires, owns and operates upper-upscale and upscale hotels under long-term, triple-net lease agreements. The company focuses on branded lodging properties in leisure-oriented and coastal markets, partnering with leading hotel operators to deliver consistent guest experiences and stable income streams. Its portfolio is geographically concentrated in the Southeastern United States, where tourism and travel demand support sustainable occupancy levels and growth potential.
Originally formed as a private REIT in 2012, Sotherly Hotels transitioned to a publicly traded company in December 2017, listing its shares on the NASDAQ under the ticker SOHOO.
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