Sogou Inc (SOGO) Short Interest Up 55.2% in December
Sogou Inc (NYSE:SOGO) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 5,021,058 shares, a growth of 55.2% from the November 30th total of 3,235,871 shares. Based on an average trading volume of 1,548,043 shares, the days-to-cover ratio is presently 3.2 days.
Shares of Sogou (NYSE SOGO) opened at $11.90 on Thursday. Sogou has a 12 month low of $10.85 and a 12 month high of $14.70.
A number of equities research analysts have weighed in on SOGO shares. JPMorgan Chase & Co. started coverage on shares of Sogou in a research note on Thursday, December 7th. They issued an “overweight” rating and a $17.00 price objective on the stock. Credit Suisse Group started coverage on shares of Sogou in a research note on Monday, December 4th. They issued an “outperform” rating and a $16.30 price objective on the stock.
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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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