Phoenix New Media Limited (NYSE:FENG) Short Interest Down 7.5% in November

Phoenix New Media Limited (NYSE:FENG) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 51,700 shares, a drop of 7.5% from the October 31st total of 55,900 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is currently 5.1 days.

Phoenix New Media Stock Down 1.6 %

NYSE FENG traded down $0.04 during trading hours on Monday, reaching $2.44. 30,604 shares of the company’s stock were exchanged, compared to its average volume of 44,329. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75. Phoenix New Media has a one year low of $1.20 and a one year high of $4.15. The company has a market capitalization of $29.50 million, a price-to-earnings ratio of -4.98 and a beta of 0.78. The company’s 50-day moving average is $2.82 and its two-hundred day moving average is $2.88.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Phoenix New Media in a research report on Saturday. 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.