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

Sohu.com Inc. (NASDAQ:SOHU) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 173,057 shares, a growth of 19.9% from the January 15th total of 144,367 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 35,069 shares, the short-interest ratio is currently 4.9 days. Based on an average daily volume of 35,069 shares, the short-interest ratio is currently 4.9 days. Currently, 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Sohu.com

Several large investors have recently bought and sold shares of SOHU. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Sohu.com by 143.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,381 shares of the information services provider’s stock worth $444,000 after acquiring an additional 19,681 shares during the last quarter. Acadian Asset Management LLC raised its stake in Sohu.com by 47.1% during the second quarter. Acadian Asset Management LLC now owns 979,430 shares of the information services provider’s stock worth $13,008,000 after purchasing an additional 313,572 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Sohu.com by 71.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 117,575 shares of the information services provider’s stock valued at $1,838,000 after purchasing an additional 49,099 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of Sohu.com in the 2nd quarter valued at $184,000. Finally, Numerai GP LLC purchased a new stake in shares of Sohu.com during the 3rd quarter valued at $175,000. Hedge funds and other institutional investors own 33.02% of the company’s stock.

Sohu.com Stock Performance

Shares of Sohu.com stock traded up $0.09 on Tuesday, reaching $16.19. The company had a trading volume of 34,982 shares, compared to its average volume of 45,776. The firm’s 50 day moving average price is $16.05 and its two-hundred day moving average price is $15.56. Sohu.com has a 52-week low of $7.79 and a 52-week high of $17.30. The firm has a market cap of $486.83 million, a PE 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 EPS for the quarter. Sohu.com had a net margin of 67.44% and a return on equity of 20.67%. The company had revenue of $180.16 million during the quarter. During the same period in the prior year, the business earned ($0.52) EPS.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen upgraded Sohu.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Citigroup restated a “buy” rating on shares of Sohu.com in a research note on Monday, November 17th. Weiss Ratings restated a “hold (c)” rating on shares of Sohu.com in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group upped their target price on shares of Sohu.com from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.