Sohu.com Limited (NASDAQ:SOHU) Sees Large Drop in Short Interest

Sohu.com Limited (NASDAQ:SOHU) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 136,400 shares, a decrease of 17.7% from the February 28th total of 165,700 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 59,700 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Sohu.com from a “buy” rating to a “hold” rating in a research report on Tuesday.

Sohu.com Trading Up 0.2 %

SOHU stock traded up $0.03 during mid-day trading on Tuesday, reaching $13.20. The company’s stock had a trading volume of 13,565 shares, compared to its average volume of 71,385. The company has a market cap of $426.93 million, a price-to-earnings ratio of -4.22 and a beta of 1.12. Sohu.com has a 12 month low of $10.60 and a 12 month high of $17.24. The business’s 50 day moving average price is $13.64 and its 200 day moving average price is $13.80.

Sohu.com (NASDAQ:SOHU) last released its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share (EPS) for the quarter. Sohu.com had a negative net margin of 16.76% and a negative return on equity of 8.49%. The company had revenue of $134.68 million for the quarter. During the same quarter in the previous year, the firm earned ($0.37) EPS.

Institutional Trading of Sohu.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. increased its position in Sohu.com by 129.7% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 45,559 shares of the information services provider’s stock worth $600,000 after buying an additional 25,721 shares during the last quarter. FMR LLC bought a new position in shares of Sohu.com in the third quarter valued at approximately $3,774,000. Public Employees Retirement System of Ohio purchased a new stake in Sohu.com in the 3rd quarter worth approximately $1,350,000. Vontobel Holding Ltd. bought a new position in Sohu.com in the 4th quarter worth about $144,000. Finally, Bank of Montreal Can purchased a new stake in shares of Sohu.com in the 3rd quarter valued at about $2,357,000. 33.02% of the stock is owned by institutional investors.

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.