Phoenix New Media Limited (NYSE:FENG – Get 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%
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.
Further Reading
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