Tencent Holdings Limited (OTCMKTS:TCTZF) Short Interest Down 79.5% in August

Tencent Holdings Limited (OTCMKTS:TCTZF) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 642,631 shares, a decrease of 79.5% from the August 15th total of 3,127,491 shares. Based on an average trading volume of 6,522 shares, the days-to-cover ratio is presently 98.5 days.

Tencent Price Performance

Shares of TCTZF opened at $53.72 on Friday. Tencent has a fifty-two week low of $51.49 and a fifty-two week high of $89.10. The business has a 50-day moving average of $57.95 and a 200 day moving average of $60.33.

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.