Sotherly Hotels Inc. (NASDAQ:SOHON) Short Interest Up 25,472.7% in December

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

Sotherly Hotels Price Performance

Shares of Sotherly Hotels stock traded down $0.04 during trading on Wednesday, hitting $14.99. The stock had a trading volume of 1,723 shares, compared to its average volume of 3,988. Sotherly Hotels has a 12 month low of $10.06 and a 12 month high of $18.45. The firm’s fifty day simple moving average is $14.76 and its 200-day simple moving average is $14.42.

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.