Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, an increase of 66.7% from the March 31st total of 300 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 0.2 days.
Sotherly Hotels Price Performance
Shares of NASDAQ SOHON remained flat at $19.25 during midday trading on Friday. The stock’s 50-day simple moving average is $19.36 and its two-hundred day simple moving average is $20.39. Sotherly Hotels has a 12 month low of $18.70 and a 12 month high of $25.50.
Sotherly Hotels Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 10.72%. The ex-dividend date of this dividend was Wednesday, February 28th.
About Sotherly Hotels
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.
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