Short Interest in Phoenix New Media Limited (NYSE:FENG) Rises By 69.9%

Phoenix New Media Limited (NYSE:FENG) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,098 shares, an increase of 69.9% from the May 31st total of 1,823 shares. Based on an average trading volume of 70,560 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Phoenix New Media Trading Up 1.0%

Shares of NYSE:FENG opened at $1.51 on Friday. The stock’s fifty day moving average price is $1.66 and its 200-day moving average price is $1.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.91 and a quick ratio of 2.91. The company has a market cap of $18.20 million, a P/E ratio of 9.47 and a beta of -0.21. Phoenix New Media has a 1 year low of $1.50 and a 1 year high of $3.65.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings results on Tuesday, May 12th. The information services provider reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.79. Phoenix New Media had a net margin of 1.76% and a return on equity of 1.31%. The firm had revenue of $27.39 million during the quarter, compared to analyst estimates of $32.55 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Phoenix New Media in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Phoenix New Media has an average rating of “Sell”.

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.