Short Interest in Sohu.com Inc. (NASDAQ:SOHU) Rises By 19.9%

Sohu.com Inc. (NASDAQ:SOHU) was the recipient of a significant growth in short interest during the month of 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 company’s shares are sold short. Based on an average daily volume of 35,069 shares, the days-to-cover ratio is presently 4.9 days. Based on an average daily volume of 35,069 shares, the days-to-cover ratio is presently 4.9 days. Currently, 0.7% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Sohu.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in Sohu.com by 47.1% during the 2nd quarter. Acadian Asset Management LLC now owns 979,430 shares of the information services provider’s stock worth $13,008,000 after acquiring an additional 313,572 shares in the last quarter. UBS Group AG lifted its position in shares of Sohu.com by 502.9% during the third quarter. UBS Group AG now owns 162,315 shares of the information services provider’s stock worth $2,537,000 after purchasing an additional 135,394 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Sohu.com by 71.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 117,575 shares of the information services provider’s stock worth $1,838,000 after purchasing an additional 49,099 shares in the last quarter. American Century Companies Inc. increased its holdings in Sohu.com by 53.7% in the second quarter. American Century Companies Inc. now owns 100,919 shares of the information services provider’s stock valued at $1,343,000 after buying an additional 35,256 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Sohu.com by 62.8% during the second quarter. Russell Investments Group Ltd. now owns 61,972 shares of the information services provider’s stock valued at $810,000 after buying an additional 23,903 shares in the last quarter. Hedge funds and other institutional investors own 33.02% of the company’s stock.

Sohu.com Stock Up 0.3%

Sohu.com stock opened at $16.24 on Thursday. The firm has a fifty day moving average of $16.09 and a 200-day moving average of $15.57. Sohu.com has a 52-week low of $7.79 and a 52-week high of $17.30. The firm has a market capitalization of $488.34 million, a P/E ratio of 1.15 and a beta of 0.45.

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

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.