Sohu.com Limited (NASDAQ:SOHU - Get Free Report) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 169,700 shares, a drop of 28.2% from the January 15th total of 236,300 shares. Currently, 0.5% of the company's shares are sold short. Based on an average trading volume of 68,500 shares, the short-interest ratio is presently 2.5 days.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Sohu.com from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th.
View Our Latest Report on SOHU
Sohu.com Trading Down 7.7 %
Shares of SOHU traded down $1.13 on Tuesday, reaching $13.54. 67,582 shares of the company's stock were exchanged, compared to its average volume of 51,574. The business has a 50 day moving average price of $13.18 and a two-hundred day moving average price of $14.10. Sohu.com has a 12 month low of $8.79 and a 12 month high of $17.24. The stock has a market capitalization of $438.02 million, a P/E ratio of -4.82 and a beta of 1.13.
Institutional Trading of Sohu.com
Several institutional investors and hedge funds have recently made changes to their positions in SOHU. FMR LLC acquired a new stake in shares of Sohu.com during the third quarter worth $3,774,000. Bank of Montreal Can bought a new stake in shares of Sohu.com in the 3rd quarter valued at about $2,357,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Sohu.com by 63.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 301,388 shares of the information services provider's stock valued at $3,972,000 after acquiring an additional 116,746 shares during the period. Public Employees Retirement System of Ohio bought a new position in Sohu.com during the 3rd quarter worth approximately $1,350,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Sohu.com by 36.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 267,044 shares of the information services provider's stock valued at $3,520,000 after purchasing an additional 71,259 shares in the last quarter. Institutional investors own 33.02% of the company's stock.
About Sohu.com
(
Get Free Report)
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.
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