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

Phoenix New Media Limited (NYSE:FENG) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 111,000 shares, an increase of 120.2% from the June 30th total of 50,400 shares. Based on an average daily volume of 80,100 shares, the short-interest ratio is presently 1.4 days. Currently, 2.0% of the shares of the stock are short sold.

Phoenix New Media Price Performance

Shares of NYSE FENG traded up $0.04 during mid-day trading on Friday, hitting $3.37. 2,084 shares of the stock traded hands, compared to its average volume of 66,696. The company has a market cap of $40.74 million, a PE ratio of -4.16 and a beta of 0.76. Phoenix New Media has a twelve month low of $1.10 and a twelve month high of $4.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a 50 day simple moving average of $2.77 and a two-hundred day simple moving average of $2.08.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.30) EPS for the quarter. Phoenix New Media had a negative net margin of 10.17% and a negative return on equity of 6.12%. The firm had revenue of $21.19 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Phoenix New Media in a research note on Thursday. They issued a “hold” rating for the company.

Phoenix New Media Company Profile

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.