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

Phoenix New Media Limited (NYSE:FENG) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 47,000 shares, a decrease of 75.5% from the May 31st total of 192,100 shares. Based on an average daily trading volume, of 70,300 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.9% of the shares of the stock are short sold.

Phoenix New Media Price Performance

Shares of FENG traded up $0.06 during mid-day trading on Thursday, hitting $2.73. The company’s stock had a trading volume of 29,632 shares, compared to its average volume of 66,067. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a 50-day moving average price of $2.21 and a 200 day moving average price of $1.80. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $3.30. The stock has a market capitalization of $33.01 million, a price-to-earnings ratio of -3.37 and a beta of 0.70.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.30) earnings per share (EPS) for the quarter. Phoenix New Media had a negative return on equity of 6.12% and a negative net margin of 10.17%. The business had revenue of $21.19 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Phoenix New Media in a research note on Sunday. They set a “hold” rating for the company.

About Phoenix New Media

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.