Short Interest in Sogou Inc (SOGO) Rises By 165.8%
Sogou Inc (NYSE:SOGO) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 3,235,871 shares, an increase of 165.8% from the November 15th total of 1,217,380 shares. Based on an average daily trading volume, of 2,503,611 shares, the days-to-cover ratio is presently 1.3 days.
Sogou (NYSE:SOGO) opened at $11.66 on Friday. Sogou has a 12 month low of $10.85 and a 12 month high of $14.70.
Several research firms have issued reports on SOGO. J P Morgan Chase & Co began coverage on Sogou in a report on Thursday, December 7th. They set an “overweight” rating and a $17.00 price objective on the stock. Credit Suisse Group began coverage on Sogou in a report on Monday, December 4th. They set an “outperform” rating and a $16.30 price objective on the stock.
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Sogou Company Profile
Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.
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