Tencent Holdings Limited (OTCMKTS:TCTZF) Sees Significant Decrease in Short Interest

Tencent Holdings Limited (OTCMKTS:TCTZF – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 642,631 shares, a decline of 79.5% from the August 15th total of 3,127,491 shares. Based on an average trading volume of 6,522 shares, the days-to-cover ratio is presently 98.5 days.

Tencent Stock Up 2.4%

Shares of TCTZF traded up $1.28 during mid-day trading on Friday, hitting $55.01. 103,428 shares of the company’s stock were exchanged, compared to its average volume of 11,327. The stock’s 50-day moving average is $57.94 and its 200-day moving average is $60.29. Tencent has a fifty-two week low of $51.49 and a fifty-two week high of $89.10.

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Tencent Company Profile

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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.

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