Sohu.com Limited (NASDAQ:SOHU) Sees Significant Increase in Short Interest


Sohu.com Limited (NASDAQ:SOHUGet Free Report) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 208,100 shares, an increase of 35.8% from the November 15th total of 153,200 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 65,100 shares, the short-interest ratio is currently 3.2 days.

Institutional Trading of Sohu.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. raised its holdings in shares of Sohu.com by 1.0% in the second quarter. Sei Investments Co. now owns 104,887 shares of the information services provider’s stock valued at $1,156,000 after purchasing an additional 1,054 shares during the last quarter. American Century Companies Inc. increased its position in shares of Sohu.com by 16.3% during the 1st quarter. American Century Companies Inc. now owns 12,428 shares of the information services provider’s stock worth $209,000 after purchasing an additional 1,740 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Sohu.com during the 1st quarter worth approximately $30,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Sohu.com by 17.9% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 14,488 shares of the information services provider’s stock valued at $213,000 after buying an additional 2,199 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Sohu.com by 15,023.8% in the second quarter. Osaic Holdings Inc. now owns 3,176 shares of the information services provider’s stock valued at $35,000 after buying an additional 3,155 shares in the last quarter. 35.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sohu.com from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th.

View Our Latest Research Report on SOHU

Sohu.com Stock Down 1.2 %

Shares of NASDAQ:SOHU traded down $0.12 during midday trading on Thursday, reaching $9.88. 90,937 shares of the company were exchanged, compared to its average volume of 48,447. Sohu.com has a fifty-two week low of $7.80 and a fifty-two week high of $17.25. The stock has a fifty day simple moving average of $8.74 and a two-hundred day simple moving average of $10.17. The firm has a market cap of $333.35 million, a PE ratio of -13.53 and a beta of 1.38.

Sohu.com (NASDAQ:SOHUGet Free Report) last posted its quarterly earnings data on Monday, November 13th. The information services provider reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.29. Sohu.com had a negative net margin of 4.01% and a negative return on equity of 4.57%. The company had revenue of $145.43 million for the quarter, compared to the consensus estimate of $163.16 million. As a group, analysts forecast that Sohu.com will post -1.65 earnings per share for the current year.

Sohu.com Company Profile (Get Free Report)

Sohu.com Limited provides online media, video, and game products and services on PCs and mobile devices in China. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.

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Original: MarketBeat News Feed: Sohu.com Limited (NASDAQ:SOHU) Sees Significant Increase in Short Interest