Sotherly Hotels Inc. (NASDAQ:SOHO – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 90,900 shares, a drop of 12.8% from the August 31st total of 104,200 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 29,800 shares, the days-to-cover ratio is currently 3.1 days.
Analysts Set New Price Targets
SOHO has been the subject of a number of recent research reports. Piper Sandler cut their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. StockNews.com assumed coverage on Sotherly Hotels in a report on Wednesday. They set a “hold” rating for the company.
Sotherly Hotels Price Performance
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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