Tencent Holdings Limited (OTCMKTS:TCEHY) Short Interest Down 20.8% in April

Tencent Holdings Limited (OTCMKTS:TCEHY) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,037,900 shares, a decrease of 20.8% from the March 31st total of 3,834,800 shares. Based on an average daily trading volume, of 4,390,400 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on shares of Tencent from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st.

Tencent Stock Performance

Shares of OTCMKTS TCEHY traded up $0.95 during midday trading on Monday, hitting $44.39. 3,111,400 shares of the company’s stock traded hands, compared to its average volume of 3,041,851. The stock has a market capitalization of $419.28 billion, a price-to-earnings ratio of 23.24 and a beta of 0.32. The firm has a fifty day moving average of $37.90 and a 200 day moving average of $38.11. Tencent has a 1 year low of $33.00 and a 1 year high of $46.46.

Tencent (OTCMKTS:TCEHY) last posted its quarterly earnings data on Wednesday, March 20th. The technology company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $21.54 billion for the quarter. Tencent had a return on equity of 14.60% and a net margin of 18.88%. On average, equities analysts anticipate that Tencent will post 2.68 earnings per share for the current year.

Tencent Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, May 20th will be paid a $0.3839 dividend. This is an increase from Tencent’s previous annual dividend of $0.10. This represents a yield of 0.88%. The ex-dividend date is Friday, May 17th. Tencent’s dividend payout ratio (DPR) is presently 16.17%.

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.