Short Interest in Phoenix New Media Limited (NYSE:FENG) Drops By 7.5%

Phoenix New Media Limited (NYSE:FENG) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 51,700 shares, a drop of 7.5% from the October 31st total of 55,900 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 10,200 shares, the short-interest ratio is currently 5.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Phoenix New Media in a report on Saturday. They issued a “hold” rating on the stock.

Phoenix New Media Stock Performance

Shares of FENG stock traded up $0.15 during trading hours on Wednesday, hitting $2.60. The company’s stock had a trading volume of 1,232 shares, compared to its average volume of 43,972. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $2.81 and a 200 day moving average of $2.88. Phoenix New Media has a 12-month low of $1.20 and a 12-month high of $4.15. The stock has a market cap of $31.43 million, a PE ratio of -5.31 and a beta of 0.72.

Phoenix New Media Company Profile

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.