Phoenix New Media Limited (NYSE:FENG) Sees Significant Growth in Short Interest

Phoenix New Media Limited (NYSE:FENG) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 13,710 shares, an increase of 174.4% from the June 30th total of 4,997 shares. Based on an average daily volume of 10,870 shares, the short-interest ratio is presently 1.3 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Phoenix New Media in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Phoenix New Media Price Performance

FENG traded up $0.04 during trading on Monday, reaching $1.45. 1,149 shares of the company were exchanged, compared to its average volume of 10,018. Phoenix New Media has a 12-month low of $1.39 and a 12-month high of $3.65. The company’s 50-day moving average is $1.59 and its two-hundred day moving average is $1.73. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.01. The company has a market cap of $17.35 million, a price-to-earnings ratio of 9.03 and a beta of -0.21.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Tuesday, May 12th. The information services provider reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.06) by $0.79. Phoenix New Media had a return on equity of 1.31% and a net margin of 1.76%.The business had revenue of $27.39 million during the quarter, compared to analyst estimates of $32.55 million.

Phoenix New Media Company Profile

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.