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

Phoenix New Media Limited (NYSE:FENG) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,410 shares, a drop of 73.2% from the August 15th total of 12,746 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,164 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Phoenix New Media from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Phoenix New Media Stock Up 0.7%

Shares of FENG traded up $0.01 during mid-day trading on Friday, reaching $1.49. The company had a trading volume of 1,763 shares, compared to its average volume of 2,868. Phoenix New Media has a 52 week low of $1.39 and a 52 week high of $3.65. The company has a market capitalization of $17.89 million, a price-to-earnings ratio of 4.14 and a beta of -0.19. The firm has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.89 and a current ratio of 2.89.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings results on Tuesday, August 11th. The information services provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($1.06) by $1.05. The firm had revenue of $31.90 million during the quarter, compared to the consensus estimate of $32.55 million. Phoenix New Media had a return on equity of 2.78% and a net margin of 3.62%.

Phoenix New Media Company Profile

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.