Phoenix New Media Limited (NYSE:FENG) Short Interest Update

Phoenix New Media Limited (NYSE:FENG) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,098 shares, an increase of 69.9% from the May 31st total of 1,823 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 70,560 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

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

Phoenix New Media Price Performance

Shares of NYSE FENG traded down $0.01 during trading on Thursday, hitting $1.51. The company had a trading volume of 291 shares, compared to its average volume of 10,328. The stock has a fifty day simple moving average of $1.67 and a two-hundred day simple moving average of $1.78. Phoenix New Media has a fifty-two week low of $1.50 and a fifty-two week high of $3.65. The firm has a market capitalization of $18.20 million, a price-to-earnings ratio of 9.47 and a beta of -0.21. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.01.

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

About Phoenix New Media

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.