Sogou Inc (NYSE:SOGO) was the recipient of 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 trading volume of 3,375,988 shares, the short-interest ratio is currently 2.6 days.
Several analysts have weighed in on SOGO shares. Credit Suisse Group started coverage on Sogou in a research note on Monday, December 4th. They set an “outperform” rating and a $16.30 target price on the stock. JPMorgan Chase & Co. started coverage on Sogou in a research note on Thursday, December 7th. They set an “overweight” rating and a $17.00 target price on the stock. Finally, Zacks Investment Research downgraded Sogou from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th.
Shares of Sogou (NYSE:SOGO) opened at $9.11 on Tuesday. Sogou has a 12 month low of $8.08 and a 12 month high of $14.70.
A number of institutional investors have recently made changes to their positions in SOGO. BlackRock Inc. bought a new stake in Sogou during the 4th quarter valued at $29,425,000. UBS Asset Management Americas Inc. bought a new stake in shares of Sogou in the 4th quarter worth $29,190,000. TB Alternative Assets Ltd. bought a new stake in shares of Sogou in the 4th quarter worth $18,038,000. Wells Fargo & Company MN bought a new stake in shares of Sogou in the 4th quarter worth $14,439,000. Finally, Barings LLC bought a new stake in shares of Sogou in the 4th quarter worth $12,325,000. 0.54% of the stock is currently owned by hedge funds and other institutional investors.
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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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