Qihoo 360 Technology Co. Ltd. (QIHU): Price Target and June Short Interest Disclosure

Qihoo 360 Technology Co. Ltd. (QIHU) : 3 investment research analysts covering Qihoo 360 Technology Co. Ltd. (QIHU) have an average price target of $67.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $77 and the lowest target is $55 for the short term. Analysts expect the variance to be within $11.24 of the average price.

The short interest in Qihoo 360 Technology Co. Ltd. (QIHU) has declined from 6,762,864 on June 15,2016 to 5,548,725 on June 30,2016. The change was measured at 1,214,139 shares or 18%. The leftover shorts were 5.5% of the floated shares. The days to cover are 4, given the average daily volume of 1,541,962 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Stifel Nicolaus upgrades their rating on the shares of Qihoo 360 Technology Co. Ltd. (NYSE:QIHU). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on May 11, 2016.


Qihoo 360 Technology Co. Ltd. (NYSE:QIHU): stock turned positive on Thursday. Though the stock opened at $76.57, the bulls momentum made the stock top out at $76.77 level for the day. The stock recorded a low of $76.55 and closed the trading day at $76.69, in the green by 4.27%. The total traded volume for the day was 12,225,609. The stock had closed at $73.55 in the previous days trading.

Qihoo 360 Technology Co. Ltd. is an Internet company. The Company is primarily engaged in the operations of Internet services in the Peoples Republic of China. The Companys core Internet and mobile security products include 360 Safe Guard, 360 Anti-virus and 360 Mobile Safe. The Company has developed various platform products to meet a range of security-related needs of Internet users and create access points to the Internet, which include 360 browsers; 360 Personal Start-up Page and its subpages; 360 Search, and 360 Mobile Assistant. The Companys services include online advertising, which include online advertising service solutions, such as sponsored links (advertising links), on its platform products; Internet value-added services, which include games developed by third parties to users, and Other services, which include enterprise information security products and related services, such as firewalls, gateways and Internet security monitoring systems to enterprise customers.

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