Short Interest in Sohu.com Limited (NASDAQ:SOHU) Declines By 28.2%

Sohu.com Limited (NASDAQ:SOHU) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 169,700 shares, a drop of 28.2% from the January 15th total of 236,300 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 68,500 shares, the days-to-cover ratio is presently 2.5 days.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sohu.com from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FMR LLC purchased a new stake in shares of Sohu.com during the third quarter valued at $3,774,000. Bank of Montreal Can purchased a new stake in shares of Sohu.com during the third quarter valued at $2,357,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Sohu.com by 63.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 301,388 shares of the information services provider’s stock valued at $3,972,000 after purchasing an additional 116,746 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Sohu.com in the third quarter worth about $1,350,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Sohu.com by 36.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 267,044 shares of the information services provider’s stock worth $3,520,000 after acquiring an additional 71,259 shares during the period. Institutional investors own 33.02% of the company’s stock.

Sohu.com Price Performance

Shares of SOHU traded down $0.13 on Friday, reaching $14.76. The company’s stock had a trading volume of 25,607 shares, compared to its average volume of 48,686. Sohu.com has a 12-month low of $8.79 and a 12-month high of $17.24. The stock has a market capitalization of $477.32 million, a P/E ratio of -5.25 and a beta of 1.13. The stock’s 50 day simple moving average is $13.13 and its two-hundred day simple moving average is $14.11.

Sohu.com (NASDAQ:SOHU) last announced its quarterly earnings results on Tuesday, November 12th. The information services provider reported ($0.39) earnings per share for the quarter. Sohu.com had a negative return on equity of 7.67% and a negative net margin of 15.14%. The business had revenue of $151.99 million during the quarter.

About Sohu.com

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. 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.