Short Interest in Phoenix New Media Limited (NYSE:FENG) Drops By 26.5%


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Phoenix New Media Limited (NYSE:FENG) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 300,800 shares, a decline of 26.5% from the March 31st total of 409,200 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 2,550,000 shares, the days-to-cover ratio is currently 0.1 days.

FENG traded down $0.06 on Tuesday, hitting $1.61. 535,095 shares of the company were exchanged, compared to its average volume of 2,131,655. The company has a market cap of $117.19 million, a price-to-earnings ratio of 1.03 and a beta of 2.40. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $1.74 and a two-hundred day moving average price of $1.73. Phoenix New Media has a twelve month low of $1.12 and a twelve month high of $2.83.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings results on Monday, March 15th. The information services provider reported $0.96 earnings per share (EPS) for the quarter. The company had revenue of $55.51 million during the quarter. Phoenix New Media had a return on equity of 28.24% and a net margin of 60.29%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TB Alternative Assets Ltd. lifted its holdings in Phoenix New Media by 27.4% during the 1st quarter. TB Alternative Assets Ltd. now owns 739,800 shares of the information services provider’s stock worth $1,309,000 after buying an additional 159,300 shares during the last quarter. Ariose Capital Management Ltd purchased a new stake in Phoenix New Media during the 1st quarter worth about $699,000. Virtu Financial LLC purchased a new stake in Phoenix New Media during the 4th quarter worth about $76,000. HighTower Advisors LLC purchased a new stake in Phoenix New Media during the 4th quarter worth about $239,000. Finally, Morgan Stanley lifted its holdings in Phoenix New Media by 69.7% during the 3rd quarter. Morgan Stanley now owns 291,096 shares of the information services provider’s stock worth $358,000 after buying an additional 119,583 shares during the last quarter. 8.75% of the stock is owned by institutional investors.

About Phoenix New Media

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

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