Short Interest in Sohu.com Ltd – (NASDAQ:SOHU) Expands By 9.6%

Sohu.com Ltd – (NASDAQ:SOHU) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,661,500 shares, an increase of 9.6% from the April 30th total of 1,516,200 shares. Based on an average daily volume of 420,400 shares, the short-interest ratio is presently 4.0 days. Approximately 4.4% of the shares of the stock are short sold.

Several brokerages have issued reports on SOHU. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Zacks Investment Research raised Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Wednesday, June 12th. Finally, BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th.

Shares of NASDAQ SOHU traded down $0.06 during midday trading on Friday, reaching $13.73. The company had a trading volume of 124,688 shares, compared to its average volume of 270,284. The company’s fifty day simple moving average is $13.92. The company has a market cap of $534.33 million, a PE ratio of -3.32 and a beta of 1.48. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.91 and a current ratio of 1.91. Sohu.com has a one year low of $13.11 and a one year high of $35.47.

Sohu.com (NASDAQ:SOHU) last released its quarterly earnings results on Monday, April 29th. The information services provider reported ($1.44) EPS for the quarter, beating analysts’ consensus estimates of ($1.51) by $0.07. The business had revenue of $431.38 million during the quarter, compared to analyst estimates of $404.96 million. Sohu.com had a negative return on equity of 8.07% and a negative net margin of 6.65%. Sohu.com’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.39) EPS. As a group, research analysts anticipate that Sohu.com will post -5.17 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc raised its position in Sohu.com by 53.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the information services provider’s stock valued at $96,000 after purchasing an additional 2,100 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Sohu.com by 148.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,206 shares of the information services provider’s stock worth $103,000 after acquiring an additional 3,713 shares during the period. Majedie Asset Management Ltd grew its holdings in shares of Sohu.com by 3.1% during the 1st quarter. Majedie Asset Management Ltd now owns 170,253 shares of the information services provider’s stock worth $2,825,000 after acquiring an additional 5,168 shares during the period. Segantii Capital Management Ltd purchased a new position in shares of Sohu.com during the 1st quarter worth approximately $89,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Sohu.com during the 1st quarter worth approximately $97,000. 55.13% of the stock is 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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