Phoenix New Media Limited (NYSE:FENG) Short Interest Update

Phoenix New Media Limited (NYSE:FENG) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 13,710 shares, an increase of 174.4% from the June 30th total of 4,997 shares. Based on an average daily volume of 10,870 shares, the short-interest ratio is presently 1.3 days. Currently, 0.1% of the shares of the stock are sold short.

Phoenix New Media Price Performance

Shares of NYSE:FENG traded up $0.02 during trading on Wednesday, reaching $1.48. The stock had a trading volume of 2,579 shares, compared to its average volume of 6,533. The stock has a market capitalization of $17.78 million, a PE ratio of 9.25 and a beta of -0.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.91 and a quick ratio of 2.91. Phoenix New Media has a 52 week low of $1.39 and a 52 week high of $3.65. The business’s 50-day moving average price is $1.57 and its 200 day moving average price is $1.72.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings results on Tuesday, May 12th. The information services provider reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.06) by $0.79. Phoenix New Media had a return on equity of 1.31% and a net margin of 1.76%.The firm had revenue of $27.39 million during the quarter, compared to analysts’ expectations of $32.55 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Phoenix New Media currently has an average rating of “Sell”.

About Phoenix New Media

Phoenix New Media Inc is a leading Chinese new media company that provides online news and information services through its flagship portal, ifeng.com, as well as a suite of mobile applications and video platforms. The company offers a wide array of multimedia content, including live streaming news, on-demand video, audio programming and article publishing across topics such as finance, technology, entertainment, lifestyle and sports. In addition to content distribution, Phoenix New Media generates revenue through digital advertising and subscription services.

Formed as a spin-off of its parent Nanfang Media Group’s overseas broadcasting business, Phoenix New Media was established to capitalize on the rapid growth of Internet and mobile consumption in China.