Phoenix New Media Limited (NYSE:FENG) Short Interest Down 45.2% in April

Phoenix New Media Limited (NYSE:FENG) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 4,113 shares, a decline of 45.2% from the April 15th total of 7,504 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,547 shares, the days-to-cover ratio is presently 1.6 days.

Phoenix New Media Price Performance

NYSE:FENG traded up $0.04 during trading hours on Friday, hitting $1.74. 3,900 shares of the stock were exchanged, compared to its average volume of 3,035. The firm’s fifty day moving average price is $1.78 and its 200 day moving average price is $1.91. Phoenix New Media has a 52-week low of $1.63 and a 52-week high of $3.65. The company has a current ratio of 2.91, a quick ratio of 2.85 and a debt-to-equity ratio of 0.01. The company has a market cap of $20.84 million, a P/E ratio of 10.84 and a beta of -0.23.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Phoenix New Media presently has a consensus rating of “Sell”.

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.