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%.
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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