Short Interest in Sohu.com Limited (NASDAQ:SOHU) Drops By 17.7%

Sohu.com Limited (NASDAQ:SOHU) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 136,400 shares, a decline of 17.7% from the February 28th total of 165,700 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 59,700 shares, the short-interest ratio is presently 2.3 days.

Institutional Trading of Sohu.com

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Sohu.com by 12.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 96,096 shares of the information services provider’s stock worth $1,267,000 after buying an additional 10,400 shares during the last quarter. Two Sigma Advisers LP bought a new position in Sohu.com in the 4th quarter valued at approximately $134,000. Man Group plc acquired a new stake in Sohu.com during the 4th quarter worth approximately $166,000. D. E. Shaw & Co. Inc. grew its holdings in Sohu.com by 11.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 159,628 shares of the information services provider’s stock worth $2,104,000 after acquiring an additional 16,449 shares during the last quarter. Finally, Caption Management LLC acquired a new position in Sohu.com in the 4th quarter valued at approximately $315,000. Institutional investors and hedge funds own 33.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Sohu.com from a “buy” rating to a “hold” rating in a report on Tuesday.

Sohu.com Stock Up 0.2 %

Shares of SOHU traded up $0.03 during mid-day trading on Tuesday, hitting $13.20. 13,565 shares of the company’s stock were exchanged, compared to its average volume of 71,385. The stock’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $13.80. Sohu.com has a 52 week low of $10.60 and a 52 week high of $17.24. The firm has a market cap of $426.93 million, a price-to-earnings ratio of -4.22 and a beta of 1.12.

Sohu.com (NASDAQ:SOHU) last released its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $134.68 million for the quarter. Sohu.com had a negative return on equity of 8.49% and a negative net margin of 16.76%. During the same quarter in the prior year, the business posted ($0.37) earnings per share.

About Sohu.com

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.