Sohu.com Limited (NASDAQ:SOHU – Get Free Report) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 136,400 shares, a decrease of 17.7% from the February 28th total of 165,700 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 59,700 shares, the days-to-cover ratio is presently 2.3 days.
Institutional Investors Weigh In On Sohu.com
A number of hedge funds and other institutional investors have recently modified their holdings of SOHU. MASO CAPITAL PARTNERS Ltd raised its position in Sohu.com by 2.1% during the fourth quarter. MASO CAPITAL PARTNERS Ltd now owns 906,256 shares of the information services provider’s stock worth $11,944,000 after acquiring an additional 18,474 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 worth $3,972,000 after purchasing an additional 116,746 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Sohu.com by 36.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 267,044 shares of the information services provider’s stock worth $3,520,000 after purchasing an additional 71,259 shares during the period. FMR LLC acquired a new position in shares of Sohu.com in the 3rd quarter valued at $3,774,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Sohu.com by 11.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 159,628 shares of the information services provider’s stock valued at $2,104,000 after buying an additional 16,449 shares during the period. 33.02% of the stock is currently owned by institutional investors and hedge funds.
Sohu.com Trading Down 1.6 %
SOHU traded down $0.21 on Wednesday, hitting $12.87. 22,694 shares of the company were exchanged, compared to its average volume of 71,717. The firm has a 50-day moving average price of $13.64 and a two-hundred day moving average price of $13.80. Sohu.com has a twelve month low of $10.60 and a twelve month high of $17.24. The company has a market cap of $416.38 million, a price-to-earnings ratio of -4.12 and a beta of 0.87.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Sohu.com from a “buy” rating to a “hold” rating in a research report on Tuesday.
Get Our Latest Report on Sohu.com
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.
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