Short Interest in Phoenix New Media Limited (NYSE:FENG) Grows By 69.9%

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

Wall Street Analysts Forecast Growth

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

Phoenix New Media Trading Down 1.0%

Shares of FENG stock opened at $1.51 on Friday. Phoenix New Media has a 12-month low of $1.50 and a 12-month high of $3.65. 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 firm’s 50 day moving average is $1.67 and its 200 day moving average is $1.77. The stock has a market capitalization of $18.20 million, a P/E ratio of 9.47 and a beta of -0.21.

Phoenix New Media (NYSE:FENG) last announced its 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.