Phoenix New Media Limited (NYSE:FENG) Short Interest Update

Phoenix New Media Limited (NYSE:FENG) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 4,113 shares, a decline of 45.2% from the April 15th total of 7,504 shares. Based on an average daily trading volume, of 2,547 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.0% of the shares of the company are short sold.

Phoenix New Media Trading Up 2.1%

NYSE:FENG traded up $0.04 during midday trading on Friday, hitting $1.74. 3,900 shares of the company traded hands, compared to its average volume of 3,035. The firm’s fifty day moving average is $1.78 and its 200-day moving average is $1.91. The firm has a market capitalization of $20.84 million, a P/E ratio of 10.84 and a beta of -0.23. The company has a current ratio of 2.91, a quick ratio of 2.85 and a debt-to-equity ratio of 0.01. Phoenix New Media has a 12-month low of $1.63 and a 12-month high of $3.65.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Phoenix New Media in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.