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

Phoenix New Media Limited (NYSE:FENG) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 4,113 shares, a decrease of 45.2% from the April 15th total of 7,504 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,547 shares, the short-interest ratio is presently 1.6 days.

Phoenix New Media Price Performance

Shares of NYSE:FENG traded up $0.04 on Monday, reaching $1.74. 1,572 shares of the company traded hands, compared to its average volume of 3,925. Phoenix New Media has a fifty-two week low of $1.63 and a fifty-two week high of $3.65. The company’s 50 day moving average is $1.78 and its 200-day moving average is $1.90. The stock has a market capitalization of $20.84 million, a PE ratio of 10.84 and a beta of -0.23. 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 (NYSE:FENG) last announced its quarterly earnings data on Tuesday, May 12th. The information services provider reported ($0.27) EPS 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 company had revenue of $27.39 million during the quarter, compared to the consensus estimate of $32.55 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus 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.