Short Interest in Sohu.com Inc. (NASDAQ:SOHU) Rises By 33.3%

Key Points

• Sohu.com experienced a 33.3% increase in short interest in July, bringing the total to 244,800 shares, representing around 0.8% of its total shares.
• Institutional investors have significantly increased their stake in Sohu.com, with firms like EverSource Wealth Advisors increasing their holdings by 75.9% in the second quarter.
• Analysts have a consensus rating of "Buy" for Sohu.com, with a target price recently upgraded to $20.00 by Citigroup.

Sohu.com Inc. (NASDAQ:SOHU - Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 244,800 shares, anincreaseof33.3% from the July 15th total of 183,700 shares. Based on an average daily trading volume, of 99,400 shares, the days-to-cover ratio is presently 2.5 days. Currently,0.8% of the company's stock are short sold. Currently,0.8% of the company's stock are short sold. Based on an average daily trading volume, of 99,400 shares, the days-to-cover ratio is presently 2.5 days.

Sohu.com Price Performance

NASDAQ:SOHU traded up $0.03 during midday trading on Friday, reaching $15.56. The stock had a trading volume of 65,208 shares, compared to its average volume of 83,723. Sohu.com has a 1-year low of $7.79 and a 1-year high of $17.24. The firm's fifty day simple moving average is $14.24 and its 200-day simple moving average is $12.61. The stock has a market capitalization of $467.89 million, a P/E ratio of 3.73 and a beta of 0.30.

Sohu.com (NASDAQ:SOHU - Get Free Report) last posted its earnings results on Monday, August 4th. The information services provider reported ($0.69) earnings per share (EPS) for the quarter. Sohu.com had a net margin of 22.70% and a negative return on equity of 6.37%. The firm had revenue of $126.27 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP acquired a new stake in Sohu.com in the 4th quarter worth $134,000. BNP Paribas Financial Markets grew its position in Sohu.com by 226.5% in the 4th quarter. BNP Paribas Financial Markets now owns 18,021 shares of the information services provider's stock worth $238,000 after purchasing an additional 12,502 shares during the last quarter. Russell Investments Group Ltd. grew its position in Sohu.com by 12.9% in the 4th quarter. Russell Investments Group Ltd. now owns 35,076 shares of the information services provider's stock worth $468,000 after purchasing an additional 4,002 shares during the last quarter. Legacy Capital Group California Inc. acquired a new stake in Sohu.com in the 1st quarter worth $214,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Sohu.com by 39.8% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 63,682 shares of the information services provider's stock worth $839,000 after purchasing an additional 18,123 shares during the last quarter. 33.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup reiterated a "buy" rating and issued a $20.00 target price (up previously from $17.00) on shares of Sohu.com in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Sohu.com from a "sell" rating to a "hold" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $20.00.

Sohu.com Company Profile

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.