Short Interest in Sohu.com Limited (NASDAQ:SOHU) Decreases By 12.6%

Sohu.com Limited (NASDAQ:SOHU) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 236,300 shares, a drop of 12.6% from the December 31st total of 270,300 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 74,700 shares, the days-to-cover ratio is currently 3.2 days.

Wall Street Analysts Forecast Growth

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

Sohu.com Stock Performance

SOHU stock opened at $12.59 on Friday. Sohu.com has a 1-year low of $8.79 and a 1-year high of $17.24. The business has a 50 day simple moving average of $13.05 and a two-hundred day simple moving average of $14.16.

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

Institutional Investors Weigh In On Sohu.com

Several large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Sohu.com by 166.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider’s stock valued at $2,908,000 after buying an additional 115,407 shares in the last quarter. FMR LLC bought a new position in shares of Sohu.com during the 3rd quarter valued at approximately $3,774,000. Public Employees Retirement System of Ohio purchased a new position in shares of Sohu.com in the third quarter valued at $1,350,000. Blue Trust Inc. increased its position in Sohu.com by 213.3% in the third quarter. Blue Trust Inc. now owns 12,730 shares of the information services provider’s stock worth $200,000 after purchasing an additional 8,667 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Sohu.com during the third quarter valued at $2,357,000. 33.02% of the stock is owned by institutional investors.

Sohu.com Company Profile

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.