Phoenix New Media Limited (NYSE:FENG – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 11,959 shares, a drop of 15.7% from the January 29th total of 14,187 shares. Based on an average trading volume of 1,986 shares, the days-to-cover ratio is presently 6.0 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,986 shares, the days-to-cover ratio is presently 6.0 days.
Phoenix New Media Stock Up 2.3%
Shares of FENG stock traded up $0.04 on Wednesday, hitting $1.75. The company’s stock had a trading volume of 8,656 shares, compared to its average volume of 2,156. The stock has a market capitalization of $21.02 million, a price-to-earnings ratio of -3.12 and a beta of -0.25. Phoenix New Media has a fifty-two week low of $1.28 and a fifty-two week high of $3.65. The firm’s fifty day moving average price is $1.83 and its 200-day moving average price is $2.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.72 and a quick ratio of 2.72.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Phoenix New Media in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Phoenix New Media currently has an average 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.
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