Short Interest in Sohu.com Decreases By 26.4% (SOHU)
Sohu.com (NASDAQ:SOHU) saw a significant decrease in short interest in May. As of May 30th, there was short interest totalling 1,039,029 shares, a decrease of 26.4% from the May 15th total of 1,411,385 shares, Stock Ratings Network reports. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 341,215 shares, the days-to-cover ratio is presently 3.0 days.
SOHU has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Sohu.com in a research note on Thursday, June 12th. They now have a $61.00 price target on the stock. Analysts at HSBC upgraded shares of Sohu.com from a “neutral” rating to an “overweight” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $66.93.
Shares of Sohu.com (NASDAQ:SOHU) opened at 58.00 on Friday. Sohu.com has a 52 week low of $52.69 and a 52 week high of $87.68. The stock has a 50-day moving average of $57.40 and a 200-day moving average of $66.91. The company’s market cap is $2.231 billion.
Sohu.com (NASDAQ:SOHU) last released its earnings data on Monday, April 28th. The company reported ($1.26) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.23) by $0.03. The company had revenue of $365.00 million for the quarter, compared to the consensus estimate of $365.92 million. During the same quarter last year, the company posted $0.60 earnings per share. Sohu.com’s revenue was up 18.5% compared to the same quarter last year. Analysts expect that Sohu.com will post $-4.69 EPS for the current fiscal year.
Sohu.com Inc (NASDAQ:SOHU) is a Chinese online media, search, gaming, community and mobile service group.
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