Sotherly Hotels Inc. (NASDAQ:SOHO) sees a significant increase in short-term interest
Sotherly Hotels Inc. (NASDAQ: SOHO – Get Rating) benefited from a sharp increase in short-term interest during the month of April. As of April 15, there was short interest totaling 76,900 shares, an increase of 157.2% from the March 31 total of 29,900 shares. Based on an average trading volume of 57,900 shares, the day-to-cover ratio is currently 1.3 days. About 0.5% of the stock’s shares are sold short.
Shares of NASDAQ SOHO opened at $1.98 on Friday. The company has a market capitalization of $34.91 million, a PE ratio of -0.94 and a beta of 1.81. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt ratio of 22.96. Sotherly Hotels has a 1 year minimum of $1.89 and a 1 year maximum of $4.17. The company’s 50-day moving average is $2.13 and its 200-day moving average is $2.24.
Sotherly Hotels (NASDAQ:SOHO – Get Rating) last announced its quarterly results on Thursday, March 3. The real estate investment trust reported ($1.05) earnings per share for the quarter, missing analyst consensus estimates of ($0.39) by ($0.66). Sotherly Hotels had a negative net margin of 20.55% and a negative return on equity of 85.71%. In the same quarter last year, the company made ($0.69) earnings per share. As a group, equity research analysts expect Sotherly Hotels to post 0.53 earnings per share for the current fiscal year.
Several large investors have recently changed their positions in the stock. Geode Capital Management LLC increased its position in shares of Sotherly Hotels by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 89,564 shares of the real estate investment trust valued at $229,000 after acquiring an additional 4,274 shares during the period. Renaissance Technologies LLC increased its position in Sotherly Hotels shares by 13.3% in the fourth quarter. Renaissance Technologies LLC now owns 55,509 shares of the real estate investment trust worth $116,000 after acquiring an additional 6,495 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Sotherly Hotels by 22.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 46,434 shares of the real estate investment trust valued at $119,000 after acquiring an additional 8,600 shares during the period. JW Cole Advisors Inc. acquired a new stake in Sotherly Hotels stock in Q4 valued at approximately $59,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of Sotherly Hotels in Q3 valued at approximately $31,000. Institutional investors and hedge funds own 20.70% of the company’s shares.
A number of equity research analysts commented on the stock. StockNews.com began covering shares of Sotherly Hotels in a report on Wednesday. They have placed a “holding” rating on the stock. Zacks Investment Research upgraded shares of Sotherly Hotels from a “sell” rating to a “hold” rating in a Thursday, Jan. 20, research note.
Sotherly Hotels Company Profile (Get an assessment)
Sotherly Hotels Inc is a self-managed, self-managed lodging REIT focused on the acquisition, renovation, branding and repositioning of upscale to 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, as well as interests in two condominium hotels and their associated rental programs.
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