Tencent Holdings Limited (OTCMKTS:TCTZF) Sees Large Decrease in Short Interest

Tencent Holdings Limited (OTCMKTS:TCTZF) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 525,778 shares, a decline of 45.0% from the June 15th total of 956,376 shares. Based on an average daily volume of 18,594 shares, the days-to-cover ratio is presently 28.3 days.

Tencent Stock Performance

TCTZF stock opened at $61.35 on Thursday. The business has a fifty day simple moving average of $57.61 and a 200-day simple moving average of $65.51. Tencent has a 52 week low of $51.49 and a 52 week high of $89.10.

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.