Phoenix New Media Limited (NYSE:FENG) Short Interest Down 42.6% in May

Phoenix New Media Limited (NYSE:FENG – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,360 shares, a decline of 42.6% from the April 30th total of 4,113 shares. Based on an average trading volume of 3,882 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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, According to MarketBeat.com, Phoenix New Media presently has a consensus rating of “Sell”.

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Phoenix New Media Stock Down 0.7%

NYSE FENG traded down $0.01 on Tuesday, hitting $1.63. 17,277 shares of the company were exchanged, compared to its average volume of 4,242. The company has a market cap of $19.55 million, a PE ratio of 10.18 and a beta of -0.23. Phoenix New Media has a 12 month low of $1.60 and a 12 month high of $3.65. The stock has a fifty day moving average of $1.76 and a 200-day moving average of $1.85. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.01.

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

Phoenix New Media Company Profile

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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.

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