Tencent Holdings Limited (OTCMKTS:TCEHY) Sees Significant Growth in Short Interest

Tencent Holdings Limited (OTCMKTS:TCEHY) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 7,507,300 shares, an increase of 30.0% from the January 15th total of 5,776,000 shares. Based on an average trading volume of 7,414,800 shares, the days-to-cover ratio is currently 1.0 days.

Tencent Price Performance

OTCMKTS:TCEHY opened at $61.53 on Friday. The stock’s 50-day simple moving average is $52.40 and its 200 day simple moving average is $51.70. The company has a market cap of $567.62 billion, a P/E ratio of 32.38 and a beta of 0.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.35. Tencent has a 52-week low of $33.00 and a 52-week high of $62.57.

Tencent Company Profile

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.