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

Phoenix New Media Limited (NYSE:FENG) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 16,712 shares, a drop of 33.5% from the December 15th total of 25,115 shares. Based on an average daily volume of 9,167 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 9,167 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Phoenix New Media in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Phoenix New Media Stock Up 3.4%

Shares of FENG stock traded up $0.07 on Friday, reaching $1.97. 2,572 shares of the company’s stock traded hands, compared to its average volume of 4,809. The company has a market capitalization of $23.60 million, a P/E ratio of -3.51 and a beta of -0.25. Phoenix New Media has a 12-month low of $1.28 and a 12-month high of $3.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.72 and a current ratio of 2.72. The business’s 50 day moving average price is $2.01 and its two-hundred day moving average price is $2.26.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings data on Thursday, November 13th. The information services provider reported ($0.06) EPS for the quarter. Phoenix New Media had a negative return on equity of 4.45% and a negative net margin of 6.35%.The business had revenue of $28.22 million for the quarter.

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.