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

Phoenix New Media Limited (NYSE:FENG) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 42,300 shares, a decline of 16.7% from the November 30th total of 50,800 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 4.5 days.

Phoenix New Media Stock Performance

Phoenix New Media stock traded up $0.01 during trading on Friday, reaching $2.41. The company had a trading volume of 919 shares, compared to its average volume of 41,460. The firm’s 50-day simple moving average is $2.60 and its 200 day simple moving average is $2.90. Phoenix New Media has a 52 week low of $1.20 and a 52 week high of $4.15. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $29.13 million, a price-to-earnings ratio of -4.92 and a beta of 0.72.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Phoenix New Media in a report on Tuesday, December 24th. They set a “hold” rating for the company.

Phoenix New Media Company Profile

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.