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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Phoenix New Media in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Phoenix New Media Price Performance

Shares of Phoenix New Media stock traded up $0.04 during midday trading on Monday, reaching $1.74. The company had a trading volume of 1,572 shares, compared to its average volume of 2,811. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $20.84 million, a price-to-earnings ratio of 10.84 and a beta of -0.23. The stock has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.90. Phoenix New Media has a 1-year low of $1.63 and a 1-year high of $3.65.

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

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.