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

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. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 10,200 shares, the short-interest ratio is currently 5.1 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Phoenix New Media in a research report on Saturday. They issued a “hold” rating for the company.

Phoenix New Media Trading Up 6.1 %

Shares of FENG stock traded up $0.15 during trading hours on Wednesday, reaching $2.60. 1,145 shares of the stock were exchanged, compared to its average volume of 43,969. The firm has a market capitalization of $31.43 million, a price-to-earnings ratio of -5.16 and a beta of 0.72. Phoenix New Media has a 12-month low of $1.20 and a 12-month high of $4.15. The company’s 50-day moving average price is $2.81 and its 200-day moving average price is $2.88. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02.

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.