Sohu.com Inc. (NASDAQ:SOHU) Short Interest Down 17.6% in December

Sohu.com Inc. (NASDAQ:SOHUGet Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 170,539 shares, a drop of 17.6% from the December 15th total of 206,876 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 39,984 shares, the days-to-cover ratio is presently 4.3 days. Based on an average daily trading volume, of 39,984 shares, the days-to-cover ratio is presently 4.3 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SOHU. EverSource Wealth Advisors LLC raised its position in Sohu.com by 75.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider’s stock worth $27,000 after acquiring an additional 860 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Sohu.com by 369.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,587 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of 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 purchasing an additional 2,819 shares in the last quarter. Athos Capital Ltd acquired a new stake in Sohu.com during the third quarter valued at approximately $138,000. Finally, Numerai GP LLC acquired a new stake in Sohu.com during the third quarter valued at approximately $175,000. 33.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Sohu.com from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. 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 research report on Monday, November 17th. Citigroup restated a “buy” rating on shares of Sohu.com in a research note on Monday, November 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sohu.com in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Read Our Latest Stock Report on SOHU

Sohu.com Trading Down 2.0%

Shares of NASDAQ:SOHU opened at $16.13 on Wednesday. The company has a 50 day moving average of $15.53 and a 200-day moving average of $15.31. The firm has a market cap of $485.03 million, a P/E ratio of 3.22 and a beta of 0.42. Sohu.com has a twelve month low of $7.79 and a twelve month high of $17.25.

Sohu.com (NASDAQ:SOHUGet Free Report) last announced its earnings results on Monday, November 17th. The information services provider reported $0.32 EPS for the quarter. The firm had revenue of $180.16 million for the quarter. Sohu.com had a negative return on equity of 4.20% and a net margin of 25.92%.During the same period in the previous year, the firm earned ($0.52) EPS.

Key Stories Impacting Sohu.com

Here are the key news stories impacting Sohu.com this week:

About Sohu.com

(Get Free Report)

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.

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