Sotherly Hotels Inc. (NASDAQ:SOHON) Short Interest Down 50.0% in November

Sotherly Hotels Inc. (NASDAQ:SOHON) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.1 days.

Sotherly Hotels Price Performance

NASDAQ:SOHON traded up $0.24 during trading hours on Thursday, hitting $17.74. 2,447 shares of the stock traded hands, compared to its average volume of 2,704. The firm has a 50 day moving average price of $18.35 and a 200 day moving average price of $18.78. Sotherly Hotels has a fifty-two week low of $17.10 and a fifty-two week high of $22.00.

Sotherly Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.5156 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 11.63%.

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.