SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) Sees Significant Increase in Short Interest

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SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totalling 43,000 shares, a growth of 571.9% from the February 27th total of 6,400 shares. Based on an average daily volume of 228,800 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are sold short.

Separately, Zacks Investment Research raised shares of SOTHERLY HOTELS/SH SH from a “sell” rating to a “hold” rating in a report on Tuesday.

Shares of NASDAQ:SOHO opened at $2.15 on Friday. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.63 and a quick ratio of 1.63. SOTHERLY HOTELS/SH SH has a 1-year low of $1.43 and a 1-year high of $7.69. The company has a market capitalization of $21.79 million, a P/E ratio of -4.78 and a beta of 0.91. The firm’s 50 day simple moving average is $4.41 and its two-hundred day simple moving average is $6.04.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.04). SOTHERLY HOTELS/SH SH had a net margin of 0.93% and a return on equity of 1.77%. The firm had revenue of $44.31 million for the quarter, compared to analysts’ expectations of $44.00 million. On average, sell-side analysts anticipate that SOTHERLY HOTELS/SH SH will post 0.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 24.19%. The ex-dividend date of this dividend is Thursday, March 12th. SOTHERLY HOTELS/SH SH’s dividend payout ratio is currently 46.85%.

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in SOTHERLY HOTELS/SH SH by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 687,819 shares of the real estate investment trust’s stock valued at $4,663,000 after purchasing an additional 29,672 shares in the last quarter. Granahan Investment Management Inc. MA lifted its holdings in shares of SOTHERLY HOTELS/SH SH by 1.8% in the third quarter. Granahan Investment Management Inc. MA now owns 320,402 shares of the real estate investment trust’s stock worth $2,143,000 after buying an additional 5,594 shares in the last quarter. UBS Group AG lifted its holdings in shares of SOTHERLY HOTELS/SH SH by 3.5% in the fourth quarter. UBS Group AG now owns 252,700 shares of the real estate investment trust’s stock worth $1,713,000 after buying an additional 8,625 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SOTHERLY HOTELS/SH SH by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 26,494 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 2,056 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new position in shares of SOTHERLY HOTELS/SH SH in the fourth quarter worth $172,000. 30.03% of the stock is currently owned by institutional investors and hedge funds.

About SOTHERLY HOTELS/SH SH

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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.

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