Tencent Holdings Limited (OTCMKTS:TCTZF – Get Free Report) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 391,485 shares, a drop of 52.5% from the October 15th total of 824,272 shares. Based on an average daily volume of 28,047 shares, the days-to-cover ratio is currently 14.0 days.
Tencent Price Performance
Shares of TCTZF traded down $0.98 during midday trading on Friday, reaching $49.03. The stock had a trading volume of 2,232 shares, compared to its average volume of 11,372. The company’s fifty day simple moving average is $53.13 and its two-hundred day simple moving average is $59.68. Tencent has a 1-year low of $47.73 and a 1-year high of $83.30.
About Tencent
Tencent Holdings Limited is a Chinese technology and internet company founded in 1998 and headquartered in Shenzhen, China. It develops and operates online platforms and services for consumers and businesses. Its major products include Weixin (known as WeChat outside mainland China), a communications and social platform, and QQ, an instant-messaging service. Tencent also operates a broad gaming business and offers digital content, online advertising, fintech and business services, and cloud computing.
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