Sohu.com Ltd – (NASDAQ:SOHU) Short Interest Up 46.2% in August

Sohu.com Ltd – (NASDAQ:SOHU) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,835,600 shares, an increase of 46.2% from the July 31st total of 1,255,300 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average trading volume of 435,300 shares, the days-to-cover ratio is presently 4.2 days.

SOHU stock traded up $0.15 during trading on Friday, hitting $12.59. 1,440 shares of the company’s stock traded hands, compared to its average volume of 396,837. The firm has a market capitalization of $479.77 million, a P/E ratio of -3.05 and a beta of 1.50. The business has a fifty day simple moving average of $11.06 and a two-hundred day simple moving average of $14.82. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.02. Sohu.com has a 1 year low of $8.79 and a 1 year high of $23.60.

Sohu.com (NASDAQ:SOHU) last released its quarterly earnings results on Monday, August 5th. The information services provider reported ($1.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.55) by $0.28. Sohu.com had a negative net margin of 6.98% and a negative return on equity of 8.74%. The business had revenue of $474.76 million for the quarter, compared to analyst estimates of $480.38 million. During the same period in the previous year, the company earned ($1.27) earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities research analysts predict that Sohu.com will post -5.39 EPS for the current fiscal year.

A number of equities analysts have recently commented on SOHU shares. BidaskClub lowered shares of Sohu.com from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 9th. Zacks Investment Research raised shares of Sohu.com from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a report on Wednesday, June 12th. Finally, ValuEngine raised shares of Sohu.com from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOHU. Krane Funds Advisors LLC purchased a new position in Sohu.com in the first quarter worth $6,192,000. Majedie Asset Management Ltd grew its holdings in Sohu.com by 3.1% in the first quarter. Majedie Asset Management Ltd now owns 170,253 shares of the information services provider’s stock worth $2,825,000 after purchasing an additional 5,168 shares during the last quarter. River & Mercantile Asset Management LLP grew its holdings in Sohu.com by 11.5% in the first quarter. River & Mercantile Asset Management LLP now owns 371,859 shares of the information services provider’s stock worth $6,160,000 after purchasing an additional 38,480 shares during the last quarter. NumerixS Investment Technologies Inc grew its holdings in Sohu.com by 53.8% in the first quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the information services provider’s stock worth $96,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Maso Capital Partners Ltd grew its holdings in Sohu.com by 4.7% in the first quarter. Maso Capital Partners Ltd now owns 294,500 shares of the information services provider’s stock worth $4,883,000 after purchasing an additional 13,200 shares during the last quarter. 52.62% of the stock is currently owned by institutional investors and hedge funds.

About Sohu.com

Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application.

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