Phoenix New Media Limited (NYSE:FENG) Short Interest Up 174.4% in July

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Phoenix New Media Stock Performance

Shares of NYSE:FENG traded up $0.04 during mid-day trading on Monday, reaching $1.45. The company had a trading volume of 1,149 shares, compared to its average volume of 10,018. Phoenix New Media has a one year low of $1.39 and a one year high of $3.65. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $1.59 and its 200-day moving average price is $1.73. The firm has a market cap of $17.35 million, a price-to-earnings ratio of 9.03 and a beta of -0.21.

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

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.