Short Interest Coverage: What Next for SOHU.COM Incorporated (NASDAQ:SOHU) Stock After Increase in Shorted Shares?

November 16, 2016 - By Richard Conner   ·   0 Comments

Short Interest Coverage: What Next for SOHU.COM Incorporated (NASDAQ:SOHU) Stock After Increase in Shorted Shares?

The stock of SOHU.COM Incorporated (NASDAQ:SOHU) registered an increase of 21.31% in short interest. SOHU’s total short interest was 705,400 shares in November as published by FINRA. Its up 21.31% from 581,500 shares, reported previously. With 292,000 shares average volume, it will take short sellers 2 days to cover their SOHU’s short positions. The short interest to SOHU.COM Incorporated’s float is 2.31%. About 24,398 shares traded hands. Sohu.com Inc (NASDAQ:SOHU) has declined 28.27% since April 14, 2016 and is downtrending. It has underperformed by 32.96% the S&P500.

Sohu.com Inc. is an online media, search and game service firm providing online services and products on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The company has a market cap of $1.38 billion. The Firm operates through three divisions: the Sohu segment; the Sogou segment, and the Changyou segment. It currently has negative earnings. Sogou is an online search, client software and mobile Internet product well-known provider in China.

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.32, from 0.82 in 2016Q1. The ratio improved, as 15 funds sold all Sohu.com Inc shares owned while 29 reduced positions. 12 funds bought stakes while 38 increased positions. They now own 16.63 million shares or 12.01% less from 18.90 million shares in 2016Q1.
Franklin Resources Inc has invested 0.01% of its portfolio in Sohu.com Inc (NASDAQ:SOHU). Toronto Dominion Comml Bank last reported 0% of its portfolio in the stock. Savings Bank Of America Corporation De last reported 310,392 shares in the company. Royal Bancorporation Of Canada last reported 0% of its portfolio in the stock. Moreover, Kcg Hldgs Incorporated has 0.01% invested in Sohu.com Inc (NASDAQ:SOHU) for 6,903 shares. The New Jersey-based Princeton Alpha Mgmt L P has invested 0.09% in Sohu.com Inc (NASDAQ:SOHU). First Tru Advisors Lp holds 44,113 shares or 0.01% of its portfolio. Connor Clark And Lunn Investment Management holds 0% or 12,300 shares in its portfolio. Legal & General Group Public Ltd Liability Co accumulated 11,891 shares or 0% of the stock. Blackrock Group Ltd owns 69,014 shares or 0% of their US portfolio. Tci Wealth has 0% invested in the company for 100 shares. Barclays Public Limited Com owns 24,178 shares or 0% of their US portfolio. Moreover, Strs Ohio has 0.03% invested in Sohu.com Inc (NASDAQ:SOHU) for 160,000 shares. The Illinois-based Deere has invested 0.02% in Sohu.com Inc (NASDAQ:SOHU). Whittier Trust holds 10 shares or 0% of its portfolio.

Sohu.com Inc (NASDAQ:SOHU) Ratings Coverage

Out of 5 analysts covering Sohu.com Inc. (NASDAQ:SOHU), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. Sohu.com Inc. has been the topic of 5 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The stock of Sohu.com Inc (NASDAQ:SOHU) earned “Sell” rating by Goldman Sachs on Monday, November 30. The company was maintained on Monday, October 19 by Macquarie Research. JP Morgan reinitiated the stock with “Underweight” rating in Wednesday, August 31 report. The firm has “Neutral” rating given on Friday, July 22 by Citigroup.

SOHU Company Profile

Sohu.com Inc. (Sohu), incorporated on August 2, 1996, is an online media, search and game service firm providing online services and products on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Firm operates through three divisions: the Sohu segment; the Sogou segment, and the Changyou segment. Sogou is an online search, client software and mobile Internet product well-known provider in China. Changyou is an online game developer and operator in China as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional (TLBB 3D), and engages primarily in the development, operation and licensing of online games for PCs and mobile devices.

More recent Sohu.com Inc (NASDAQ:SOHU) news were published by: Prnewswire.com which released: “Sohu.com Reports Third Quarter 2016 Unaudited Financial Results” on October 24, 2016. Also Fool.com published the news titled: “Sohu.com Inc. Earnings: We’re Going the Wrong Way” on April 25, 2016. Prnewswire.com‘s news article titled: “Sohu.com to Report Third Quarter 2016 Financial Results on October 24, 2016” with publication date: October 11, 2016 was also an interesting one.

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By Richard Conner


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