Phoenix New Media Limited (NYSE:FENG – Get Free Report) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 11,959 shares, a decrease of 15.7% from the January 29th total of 14,187 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,986 shares, the days-to-cover ratio is currently 6.0 days. Based on an average daily trading volume, of 1,986 shares, the days-to-cover ratio is currently 6.0 days. Approximately 0.1% of the shares of the company are sold short.
Phoenix New Media Stock Performance
Shares of Phoenix New Media stock traded down $0.03 on Thursday, hitting $1.72. The stock had a trading volume of 580 shares, compared to its average volume of 2,118. The stock has a market cap of $20.66 million, a price-to-earnings ratio of -3.07 and a beta of -0.25. Phoenix New Media has a 52-week low of $1.28 and a 52-week high of $3.65. The company’s 50 day moving average price is $1.83 and its 200 day moving average price is $2.17. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.01.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.
Further Reading
- Five stocks we like better than Phoenix New Media
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- Unlocked: Elon Musk’s Next Big IPO
Receive News & Ratings for Phoenix New Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix New Media and related companies with MarketBeat.com's FREE daily email newsletter.
