Red Lion Hotels Co. (NYSE:RLH) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 627,800 shares, an increase of 12.6% from the July 31st total of 557,400 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average trading volume of 126,400 shares, the short-interest ratio is presently 5.0 days.

NYSE RLH traded up $0.10 on Friday, hitting $6.20. 2,633 shares of the company’s stock were exchanged, compared to its average volume of 132,076. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day moving average price is $5.86 and its two-hundred day moving average price is $7.21. Red Lion Hotels has a fifty-two week low of $5.00 and a fifty-two week high of $13.55. The firm has a market cap of $146.43 million, a price-to-earnings ratio of -13.80 and a beta of 0.86.

Red Lion Hotels (NYSE:RLH) last released its earnings results on Monday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.07). Red Lion Hotels had a negative return on equity of 8.48% and a negative net margin of 4.41%. The business had revenue of $28.93 million for the quarter, compared to analyst estimates of $31.15 million. On average, research analysts predict that Red Lion Hotels will post -0.17 earnings per share for the current fiscal year.

RLH has been the subject of several analyst reports. B. Riley set a $11.00 price objective on Red Lion Hotels and gave the company a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research cut Red Lion Hotels from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RLH. BNP Paribas Arbitrage SA increased its position in Red Lion Hotels by 508.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,346 shares of the company’s stock worth $27,000 after purchasing an additional 2,796 shares during the period. Creative Planning acquired a new position in Red Lion Hotels during the 1st quarter worth approximately $113,000. Cpwm LLC increased its position in Red Lion Hotels by 13.2% during the 2nd quarter. Cpwm LLC now owns 17,988 shares of the company’s stock worth $128,000 after purchasing an additional 2,100 shares during the period. Charles Schwab Investment Management Inc. increased its position in Red Lion Hotels by 39.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 56,311 shares of the company’s stock worth $401,000 after purchasing an additional 16,066 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its position in Red Lion Hotels by 12.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 57,820 shares of the company’s stock worth $410,000 after purchasing an additional 6,250 shares during the period. Institutional investors own 74.69% of the company’s stock.

About Red Lion Hotels

Red Lion Hotels Corporation, doing business as RLH Corporation, operates as a hospitality and leisure company the United States. It operates in two segments, Company Operated Hotels and Franchised Hotels. The company owns, manages, and franchises upscale, midscale, and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, Signature and Signature Inn, Knights Inn, and Country Hearth Inns & Suites brands.

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