Phoenix New Media Limited (NYSE:FENG) Short Interest Down 11.0% in August

Phoenix New Media Limited (NYSE:FENG) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 70,400 shares, a drop of 11.0% from the August 15th total of 79,100 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 26,700 shares, the days-to-cover ratio is presently 2.6 days.

Phoenix New Media Stock Up 1.7 %

NYSE FENG traded up $0.05 during trading hours on Tuesday, hitting $3.07. The company had a trading volume of 4,896 shares, compared to its average volume of 54,423. The firm’s 50 day moving average is $3.26 and its 200 day moving average is $2.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.86 and a quick ratio of 2.86. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $4.15. The company has a market capitalization of $37.11 million, a price-to-earnings ratio of -3.63 and a beta of 0.75.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $23.16 million during the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Phoenix New Media in a research note on Wednesday, September 11th. 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.