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

Phoenix New Media Limited (NYSE:FENG) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,410 shares, a drop of 73.2% from the August 15th total of 12,746 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,164 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Phoenix New Media from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Phoenix New Media Stock Up 0.7%

FENG stock traded up $0.01 during midday trading on Friday, hitting $1.49. The company’s stock had a trading volume of 1,763 shares, compared to its average volume of 2,868. The company’s fifty day moving average price is $1.49 and its 200 day moving average price is $1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.89 and a quick ratio of 2.89. Phoenix New Media has a twelve month low of $1.39 and a twelve month high of $3.65. The stock has a market capitalization of $17.89 million, a P/E ratio of 4.14 and a beta of -0.19.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings data on Tuesday, August 11th. The information services provider reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($1.06) by $1.05. The company had revenue of $31.90 million during the quarter, compared to the consensus estimate of $32.55 million. Phoenix New Media had a net margin of 3.62% and a return on equity of 2.78%.

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.