Short Interest in Sohu.com Limited (NASDAQ:SOHU) Decreases By 20.7%

Sohu.com Limited (NASDAQ:SOHU) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 306,100 shares, a decrease of 20.7% from the October 31st total of 386,000 shares. Based on an average daily volume of 97,500 shares, the short-interest ratio is presently 3.1 days. Approximately 0.9% of the shares of the stock are sold short.

Sohu.com Stock Down 0.3 %

NASDAQ:SOHU opened at $13.01 on Friday. Sohu.com has a 52-week low of $7.80 and a 52-week high of $17.24. The firm has a market cap of $420.87 million, a P/E ratio of -4.63 and a beta of 1.19. The business’s 50-day moving average price is $14.28 and its 200 day moving average price is $14.18.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sohu.com from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Hedge Funds Weigh In On Sohu.com

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Sohu.com by 1,973.0% during the second quarter. Blue Trust Inc. now owns 4,063 shares of the information services provider’s stock worth $57,000 after buying an additional 3,867 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Sohu.com during the 2nd quarter valued at $36,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Sohu.com during the 3rd quarter worth $312,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Sohu.com by 166.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider’s stock worth $2,908,000 after acquiring an additional 115,407 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Sohu.com during the third quarter valued at $2,357,000. Institutional investors and hedge funds own 33.02% of the company’s stock.

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.