Phoenix New Media Limited (NYSE:FENG) Short Interest Down 42.6% in May

Phoenix New Media Limited (NYSE:FENG) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 2,360 shares, a decrease of 42.6% from the April 30th total of 4,113 shares. Based on an average trading volume of 3,882 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Phoenix New Media Stock Performance

FENG traded up $0.02 during mid-day trading on Thursday, reaching $1.63. 1,868 shares of the company traded hands, compared to its average volume of 4,180. The company’s fifty day moving average price is $1.75 and its 200-day moving average price is $1.85. The stock has a market capitalization of $19.53 million, a P/E ratio of 10.16 and a beta of -0.23. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.01. Phoenix New Media has a 52-week low of $1.60 and a 52-week high of $3.65.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings data on Tuesday, May 12th. The information services provider reported ($0.27) EPS for the quarter, topping the consensus estimate of ($1.06) by $0.79. The company had revenue of $27.39 million during the quarter, compared to analyst estimates of $32.55 million. Phoenix New Media had a return on equity of 1.31% and a net margin of 1.76%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Phoenix New Media in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

About Phoenix New Media

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.