Phoenix New Media Limited (NYSE:FENG) Sees Large Growth in Short Interest

Phoenix New Media Limited (NYSE:FENG) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 13,710 shares, a growth of 174.4% from the June 30th total of 4,997 shares. Based on an average daily volume of 10,870 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Phoenix New Media in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Phoenix New Media Price Performance

FENG stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.46. The company had a trading volume of 2,579 shares, compared to its average volume of 9,964. The company has a market capitalization of $17.49 million, a price-to-earnings ratio of 9.10 and a beta of -0.21. Phoenix New Media has a 12-month low of $1.39 and a 12-month high of $3.65. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $1.58 and a 200 day moving average price of $1.73.

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

About Phoenix New Media

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.