Phoenix New Media Ltd (NYSE:FENG) Sees Significant Growth in Short Interest

Phoenix New Media Ltd (NYSE:FENG) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 131,400 shares, an increase of 83.0% from the July 31st total of 71,800 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 75,800 shares, the short-interest ratio is currently 1.7 days.

FENG has been the subject of several analyst reports. TheStreet downgraded shares of Phoenix New Media from a “c-” rating to a “d” rating in a report on Thursday, June 13th. Zacks Investment Research raised shares of Phoenix New Media from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, ValuEngine raised shares of Phoenix New Media from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

FENG traded up $0.02 on Friday, hitting $3.09. The company’s stock had a trading volume of 1,900 shares, compared to its average volume of 72,039. The company’s 50 day simple moving average is $2.95 and its 200-day simple moving average is $3.64. The firm has a market cap of $224.56 million, a P/E ratio of -23.81 and a beta of 2.10. Phoenix New Media has a 12 month low of $2.56 and a 12 month high of $5.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.03.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Monday, August 12th. The information services provider reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.20) by $1.06. Phoenix New Media had a negative net margin of 17.65% and a negative return on equity of 7.49%. The business had revenue of $57.55 million for the quarter. Equities analysts predict that Phoenix New Media will post 0.09 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC purchased a new stake in Phoenix New Media in the 4th quarter worth approximately $137,000. FIL Ltd lifted its stake in Phoenix New Media by 6.3% in the 1st quarter. FIL Ltd now owns 1,738,091 shares of the information services provider’s stock worth $7,317,000 after purchasing an additional 103,531 shares in the last quarter. Finally, International Value Advisers LLC lifted its stake in Phoenix New Media by 6.7% in the 2nd quarter. International Value Advisers LLC now owns 4,447,732 shares of the information services provider’s stock worth $14,455,000 after purchasing an additional 279,009 shares in the last quarter. Institutional investors and hedge funds own 15.22% of the company’s stock.

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 in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

Read More: What is the cash asset ratio?

Receive News & Ratings for Phoenix New Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix New Media and related companies with MarketBeat.com's FREE daily email newsletter.