Tencent Holding Ltd. (OTCMKTS:TCEHY) Short Interest Update

Tencent Holding Ltd. (OTCMKTS:TCEHY) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,254,526 shares, a decrease of 38.5% from the May 31st total of 3,667,197 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,259,998 shares, the short-interest ratio is presently 0.2 days.

Tencent Stock Up 1.8%

Shares of Tencent stock opened at $56.20 on Thursday. The company has a market cap of $511.87 billion, a P/E ratio of 15.70 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.43. Tencent has a one year low of $52.84 and a one year high of $87.68. The firm has a fifty day moving average of $58.00 and a two-hundred day moving average of $66.57.

Wall Street Analyst Weigh In

A number of research firms have commented on TCEHY. Barclays restated an “overweight” rating and issued a $106.00 price objective on shares of Tencent in a research note on Thursday, May 14th. Zacks Research downgraded Tencent from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Tencent Company Profile

Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent’s businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.

At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.