Phoenix New Media Limited (NYSE:FENG) Sees Significant Decline in Short Interest

Phoenix New Media Limited (NYSE:FENG) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 35,100 shares, a drop of 14.0% from the February 28th total of 40,800 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 8,300 shares, the days-to-cover ratio is currently 4.2 days.

Phoenix New Media Trading Down 5.8 %

Shares of FENG traded down $0.13 during trading hours on Thursday, hitting $2.12. 1,251 shares of the stock traded hands, compared to its average volume of 27,855. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 1-year low of $1.67 and a 1-year high of $4.15. The firm has a market capitalization of $25.63 million, a PE ratio of -4.33 and a beta of 0.72. The business has a fifty day moving average of $2.35 and a 200-day moving average of $2.57.

Phoenix New Media (NYSE:FENG) last released its earnings results on Tuesday, March 11th. The information services provider reported ($0.04) EPS for the quarter. The business had revenue of $29.88 million for the quarter. Phoenix New Media had a negative return on equity of 3.76% and a negative net margin of 6.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Phoenix New Media in a report on Sunday. They set a “hold” rating on the stock.

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.