Sotherly Hotels Inc. (NASDAQ:SOHOB) Sees Significant Increase in Short Interest

Sotherly Hotels Inc. (NASDAQ:SOHOBGet Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 6,000 shares, a growth of 30.4% from the February 29th total of 4,600 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 1.5 days.

Sotherly Hotels Trading Down 1.8 %

Shares of Sotherly Hotels stock opened at $18.84 on Monday. The business’s 50 day simple moving average is $19.24 and its 200-day simple moving average is $20.86. Sotherly Hotels has a twelve month low of $17.60 and a twelve month high of $25.45.

Sotherly Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.62%. The ex-dividend date of this dividend was Wednesday, February 28th.

Sotherly Hotels Company Profile

(Get Free Report)

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. Sotherly may also opportunistically acquire hotels throughout the United States.

Further Reading

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