Phoenix New Media Limited (NYSE:FENG) Short Interest Down 19.9% in March

Phoenix New Media Limited (NYSE:FENGGet Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 8,661 shares, a drop of 19.9% from the March 15th total of 10,819 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 12,653 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Phoenix New Media in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Phoenix New Media currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on FENG

Phoenix New Media Trading Down 1.1%

Shares of FENG stock traded down $0.02 during mid-day trading on Friday, reaching $1.77. The company’s stock had a trading volume of 8,379 shares, compared to its average volume of 6,456. The company’s 50 day simple moving average is $1.79 and its 200-day simple moving average is $2.01. Phoenix New Media has a 12-month low of $1.43 and a 12-month high of $3.65. The company has a quick ratio of 2.72, a current ratio of 2.85 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $21.27 million, a PE ratio of 88.55 and a beta of -0.26.

Phoenix New Media Company Profile

(Get Free Report)

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.

Further Reading

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