Tencent Holdings Limited (OTCMKTS:TCTZF) Sees Significant Decrease in Short Interest

Tencent Holdings Limited (OTCMKTS:TCTZF) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 525,778 shares, a decrease of 45.0% from the June 15th total of 956,376 shares. Based on an average daily volume of 18,594 shares, the days-to-cover ratio is currently 28.3 days.

Tencent Stock Down 1.0%

TCTZF stock opened at $60.91 on Friday. Tencent has a 1 year low of $51.49 and a 1 year high of $89.10. The company has a fifty day simple moving average of $57.61 and a 200 day simple moving average of $65.39.

About Tencent

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.