Phoenix New Media Limited (NYSE:FENG) Short Interest Down 11.0% in August

Phoenix New Media Limited (NYSE:FENG) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 70,400 shares, a decline of 11.0% from the August 15th total of 79,100 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 26,700 shares, the short-interest ratio is presently 2.6 days.

Phoenix New Media Stock Performance

FENG traded down $0.15 during trading on Wednesday, hitting $2.92. 15,375 shares of the stock were exchanged, compared to its average volume of 54,206. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 1-year low of $1.10 and a 1-year high of $4.15. The stock has a fifty day moving average price of $3.27 and a two-hundred day moving average price of $2.53. The firm has a market capitalization of $35.30 million, a P/E ratio of -3.47 and a beta of 0.75.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. Phoenix New Media had a negative return on equity of 3.95% and a negative net margin of 6.60%. The business had revenue of $23.16 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Phoenix New Media in a research report on Wednesday, September 11th. They set a “hold” rating on the stock.

About Phoenix New Media

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.