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

Phoenix New Media Limited (NYSE:FENG) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,410 shares, a decrease of 73.2% from the August 15th total of 12,746 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,164 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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 data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Phoenix New Media Stock Performance

FENG stock traded up $0.01 during midday trading on Friday, reaching $1.49. 1,763 shares of the company were exchanged, compared to its average volume of 2,868. Phoenix New Media has a one year low of $1.39 and a one year high of $3.65. The firm has a market capitalization of $17.89 million, a price-to-earnings ratio of 4.14 and a beta of -0.19. The business has a 50-day moving average price of $1.49 and a two-hundred day moving average price of $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 (NYSE:FENG) last posted its earnings results on Tuesday, August 11th. The information services provider reported ($0.01) earnings per share (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 analysts’ expectations of $32.55 million. Phoenix New Media had a net margin of 3.62% and a return on equity of 2.78%.

About Phoenix New Media

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.