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

Phoenix New Media Limited (NYSE:FENG) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,098 shares, an increase of 69.9% from the May 31st total of 1,823 shares. Based on an average trading volume of 70,560 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Phoenix New Media Stock Performance

Shares of FENG traded down $0.01 during mid-day trading on Thursday, reaching $1.51. The company had a trading volume of 291 shares, compared to its average volume of 10,328. Phoenix New Media has a 52-week low of $1.50 and a 52-week 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 stock has a market capitalization of $18.20 million, a P/E ratio of 9.47 and a beta of -0.21. The stock has a 50 day moving average of $1.67 and a two-hundred day moving average of $1.78.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average 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.