Short Interest in Tencent Holdings Limited (OTCMKTS:TCTZF) Decreases By 38.7%

Tencent Holdings Limited (OTCMKTS:TCTZF) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 528,775 shares, a drop of 38.7% from the July 15th total of 862,835 shares. Based on an average daily trading volume, of 8,026 shares, the short-interest ratio is presently 65.9 days.

Tencent Trading Down 3.0%

TCTZF opened at $55.09 on Wednesday. Tencent has a one year low of $51.49 and a one year high of $89.10. The business’s 50 day moving average price is $58.01 and its 200 day moving average price is $62.10.

About Tencent

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.