Sohu.com Limited (NASDAQ:SOHU) Short Interest Update

Sohu.com Limited (NASDAQ:SOHU) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 136,000 shares, an increase of 21.6% from the March 15th total of 111,800 shares. Based on an average daily trading volume, of 48,700 shares, the days-to-cover ratio is currently 2.8 days. Approximately 0.4% of the shares of the stock are short sold.

Sohu.com Trading Down 1.1 %

Shares of NASDAQ:SOHU opened at $11.43 on Monday. The business’s fifty day moving average price is $10.05 and its two-hundred day moving average price is $9.46. Sohu.com has a one year low of $7.80 and a one year high of $14.42.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, March 4th. The information services provider reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.13. Sohu.com had a negative return on equity of 4.88% and a negative net margin of 5.06%. The company had revenue of $141.36 million for the quarter, compared to analyst estimates of $159.62 million. As a group, sell-side analysts expect that Sohu.com will post -1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its stake in shares of Sohu.com by 5.8% during the 3rd quarter. Acadian Asset Management LLC now owns 491,784 shares of the information services provider’s stock worth $4,615,000 after purchasing an additional 26,898 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Sohu.com by 36.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,711 shares of the information services provider’s stock worth $265,000 after purchasing an additional 6,382 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Sohu.com by 17.9% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 14,488 shares of the information services provider’s stock worth $213,000 after purchasing an additional 2,199 shares during the period. American Century Companies Inc. raised its position in shares of Sohu.com by 16.3% in the 1st quarter. American Century Companies Inc. now owns 12,428 shares of the information services provider’s stock worth $209,000 after buying an additional 1,740 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Sohu.com in the 4th quarter worth $191,000. Hedge funds and other institutional investors own 33.02% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Sohu.com from a “buy” rating to a “hold” rating in a report on Friday, March 8th.

Sohu.com Company Profile

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.