Phoenix New Media Limited (NYSE:FENG) Sees Large Drop in Short Interest

Phoenix New Media Limited (NYSE:FENGGet Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 8,661 shares, a decline of 19.9% from the March 15th total of 10,819 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 12,653 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Phoenix New Media in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Phoenix New Media currently has an average rating of “Sell”.

Read Our Latest Stock Report on Phoenix New Media

Phoenix New Media Stock Performance

FENG traded down $0.02 during trading on Friday, hitting $1.77. The stock had a trading volume of 8,379 shares, compared to its average volume of 6,456. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.85 and a quick ratio of 2.72. The company has a 50 day moving average price of $1.79 and a 200-day moving average price of $2.01. Phoenix New Media has a one year low of $1.43 and a one year high of $3.65. The firm has a market cap of $21.27 million, a price-to-earnings ratio of 88.55 and a beta of -0.26.

Phoenix New Media Company Profile

(Get Free Report)

Phoenix New Media Inc is a leading Chinese new media company that provides online news and information services through its flagship portal, ifeng.com, as well as a suite of mobile applications and video platforms. The company offers a wide array of multimedia content, including live streaming news, on-demand video, audio programming and article publishing across topics such as finance, technology, entertainment, lifestyle and sports. In addition to content distribution, Phoenix New Media generates revenue through digital advertising and subscription services.

Formed as a spin-off of its parent Nanfang Media Group’s overseas broadcasting business, Phoenix New Media was established to capitalize on the rapid growth of Internet and mobile consumption in China.

Further Reading

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