Tencent Holdings Limited (OTCMKTS:TCTZF) Sees Large Increase in Short Interest

Tencent Holdings Limited (OTCMKTS:TCTZF) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,127,491 shares, a growth of 491.5% from the July 30th total of 528,775 shares. Based on an average trading volume of 25,650 shares, the days-to-cover ratio is presently 121.9 days.

Tencent Price Performance

Shares of TCTZF opened at $56.72 on Wednesday. The business has a 50-day moving average of $57.84 and a 200 day moving average of $61.46. Tencent has a fifty-two week low of $51.49 and a fifty-two week high of $89.10.

Tencent Company Profile

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.