Tencent Holdings Limited (OTCMKTS:TCTZF) Short Interest Down 45.0% in June

Tencent Holdings Limited (OTCMKTS:TCTZF) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 525,778 shares, a decline of 45.0% from the June 15th total of 956,376 shares. Based on an average daily trading volume, of 18,594 shares, the short-interest ratio is presently 28.3 days.

Tencent Stock Down 1.8%

TCTZF stock opened at $57.12 on Wednesday. The stock’s 50 day simple moving average is $57.60 and its 200 day simple moving average is $65.62. Tencent has a fifty-two week low of $51.49 and a fifty-two week high of $89.10.

About Tencent

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.