Sohu.com Limited (NASDAQ:SOHU) Sees Large Decrease in Short Interest

Sohu.com Limited (NASDAQ:SOHU) saw a significant 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. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 59,700 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its holdings 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 purchasing an additional 10,400 shares during the period. Two Sigma Advisers LP purchased a new position in Sohu.com during the 4th quarter worth $134,000. Man Group plc acquired a new stake in shares of Sohu.com in the 4th quarter worth $166,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Sohu.com by 11.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 159,628 shares of the information services provider’s stock valued at $2,104,000 after acquiring an additional 16,449 shares in the last quarter. Finally, Caption Management LLC acquired a new position in shares of Sohu.com during the fourth quarter worth about $315,000. 33.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sohu.com Price Performance

Shares of NASDAQ:SOHU opened at $12.63 on Thursday. Sohu.com has a 1-year low of $10.70 and a 1-year high of $17.24. The stock has a market cap of $408.62 million, a P/E ratio of -4.04 and a beta of 0.87. The firm has a fifty day moving average price of $13.64 and a 200 day moving average price of $13.77.

Sohu.com (NASDAQ:SOHU) last announced its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share for the quarter. The business 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 period last year, the business earned ($0.37) EPS.

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.