Sogou Inc (NYSE:SOGO) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 8,645,627 shares, a growth of 61.5% from the January 12th total of 5,353,155 shares. Based on an average daily trading volume, of 3,375,988 shares, the days-to-cover ratio is currently 2.6 days.
SOGO has been the subject of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Sogou in a report on Monday, December 4th. They set an “outperform” rating and a $16.30 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Sogou in a report on Thursday, December 7th. They set an “overweight” rating and a $17.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Sogou from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th.
Shares of Sogou (NYSE:SOGO) traded down $0.33 on Wednesday, reaching $9.45. 2,357,996 shares of the company were exchanged, compared to its average volume of 2,768,049. Sogou has a one year low of $8.08 and a one year high of $14.70.
Sogou (NYSE:SOGO) last announced its quarterly earnings data on Monday, January 29th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The company had revenue of $277.79 million for the quarter, compared to the consensus estimate of $267.56 million. equities analysts forecast that Sogou will post 0.29 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of SOGO. BlackRock Inc. bought a new stake in shares of Sogou in the 4th quarter valued at about $29,425,000. UBS Asset Management Americas Inc. bought a new stake in shares of Sogou in the 4th quarter valued at about $29,190,000. TB Alternative Assets Ltd. bought a new stake in shares of Sogou in the 4th quarter valued at about $18,038,000. Wells Fargo & Company MN bought a new stake in shares of Sogou in the 4th quarter valued at about $14,439,000. Finally, Barings LLC bought a new stake in shares of Sogou in the 4th quarter valued at about $12,325,000. Institutional investors and hedge funds own 0.54% of the company’s stock.
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Sogou Company Profile
Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.
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