Tencent Holdings Limited (OTCMKTS:TCEHY) Short Interest Update

Tencent Holdings Limited (OTCMKTS:TCEHY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,444,700 shares, a decline of 25.3% from the August 15th total of 5,949,200 shares. Based on an average trading volume of 3,661,500 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

Separately, New Street Research upgraded Tencent to a “strong-buy” rating in a research report on Monday, September 9th.

Tencent Stock Performance

TCEHY traded up $0.27 during trading hours on Friday, hitting $47.82. The company’s stock had a trading volume of 1,131,098 shares, compared to its average volume of 1,577,808. The company has a current ratio of 1.35, a quick ratio of 1.45 and a debt-to-equity ratio of 0.31. Tencent has a fifty-two week low of $33.00 and a fifty-two week high of $52.10. The company has a 50-day simple moving average of $47.53 and a 200 day simple moving average of $44.91. The firm has a market capitalization of $446.76 billion, a PE ratio of 19.41 and a beta of 0.18.

Tencent (OTCMKTS:TCEHY) last posted its quarterly earnings data on Wednesday, August 14th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. The business had revenue of $22.25 billion during the quarter. Tencent had a net margin of 24.22% and a return on equity of 19.06%. As a group, sell-side analysts expect that Tencent will post 2.74 EPS for the current year.

Tencent Company Profile

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.