Short Interest in Phoenix New Media Limited (NYSE:FENG) Declines By 73.2%

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

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 report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Phoenix New Media Stock Down 1.4%

Shares of NYSE FENG traded down $0.02 during mid-day trading on Monday, reaching $1.47. 1,144 shares of the company’s stock traded hands, compared to its average volume of 8,721. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.89 and a quick ratio of 2.89. The business has a 50-day simple moving average of $1.49 and a 200 day simple moving average of $1.64. The stock has a market cap of $17.64 million, a P/E ratio of 4.08 and a beta of -0.19. Phoenix New Media has a 1-year low of $1.39 and a 1-year high of $3.65.

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

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.