Sohu.com Inc. (NASDAQ:SOHU) Sees Large Growth in Short Interest

Sohu.com Inc. (NASDAQ:SOHU) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 173,057 shares, an increase of 19.9% from the January 15th total of 144,367 shares. Based on an average trading volume of 35,069 shares, the short-interest ratio is presently 4.9 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 35,069 shares, the short-interest ratio is presently 4.9 days.

Sohu.com Trading Up 0.6%

NASDAQ SOHU traded up $0.09 during mid-day trading on Tuesday, reaching $16.19. 34,982 shares of the company’s stock traded hands, compared to its average volume of 45,776. Sohu.com has a 1-year low of $7.79 and a 1-year high of $17.30. The company has a fifty day simple moving average of $16.05 and a 200-day simple moving average of $15.56. The company has a market cap of $486.83 million, a price-to-earnings ratio of 1.15 and a beta of 0.45.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, November 17th. The information services provider reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $180.16 million during the quarter. Sohu.com had a net margin of 67.44% and a return on equity of 20.67%. During the same quarter last year, the firm posted ($0.52) EPS.

Institutional Investors Weigh In On Sohu.com

A number of institutional investors have recently modified their holdings of SOHU. Headlands Technologies LLC lifted its position in Sohu.com by 369.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,587 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Sohu.com by 75.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider’s stock worth $27,000 after buying an additional 860 shares during the period. New York State Common Retirement Fund grew its holdings in Sohu.com by 180.2% in the 2nd quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider’s stock worth $58,000 after buying an additional 2,819 shares in the last quarter. Athos Capital Ltd acquired a new stake in Sohu.com in the 3rd quarter valued at approximately $138,000. Finally, Numerai GP LLC bought a new stake in Sohu.com during the 3rd quarter valued at $175,000. Institutional investors and hedge funds own 33.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SOHU shares. Weiss Ratings reissued a “hold (c)” rating on shares of Sohu.com in a research report on Thursday, January 22nd. Jefferies Financial Group boosted their price objective on shares of Sohu.com from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Wall Street Zen raised shares of Sohu.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Sohu.com in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

About Sohu.com

Sohu.com Inc (NASDAQ: SOHU) is a Beijing-based technology and media company that operates one of China’s earliest and most comprehensive online portals. Established in 1996 by Charles Zhang, the company provides a diverse array of internet services including news, entertainment, video streaming and UGC (user-generated content) platforms. Over the years, Sohu.com has expanded its content offerings to cover topics such as finance, sports, automotive news and lifestyle, catering primarily to users across Mainland China.

In addition to its content portal, Sohu.com is active in the online advertising market, leveraging its high-traffic websites and mobile apps to deliver targeted ads for brand marketers.