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

Phoenix New Media Limited (NYSE:FENGGet Rating) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 99,800 shares, a decrease of 20.2% from the April 15th total of 125,000 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 119,700 shares, the days-to-cover ratio is currently 0.8 days.

A number of large investors have recently modified their holdings of FENG. DGS Capital Management LLC bought a new stake in shares of Phoenix New Media during the 4th quarter worth approximately $25,000. Virtu Financial LLC bought a new position in shares of Phoenix New Media in the 4th quarter valued at $61,000. Polar Capital Holdings Plc raised its holdings in shares of Phoenix New Media by 8.5% during the 3rd quarter. Polar Capital Holdings Plc now owns 99,808 shares of the information services provider’s stock worth $128,000 after buying an additional 7,861 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Phoenix New Media by 305.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 258,050 shares of the information services provider’s stock worth $222,000 after buying an additional 194,422 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Phoenix New Media by 2.9% during the 4th quarter. Renaissance Technologies LLC now owns 465,737 shares of the information services provider’s stock valued at $401,000 after purchasing an additional 13,342 shares during the last quarter. 10.24% of the stock is currently owned by institutional investors and hedge funds.

FENG stock opened at $0.49 on Thursday. Phoenix New Media has a 52 week low of $0.35 and a 52 week high of $1.86. The company’s 50-day simple moving average is $0.55 and its 200 day simple moving average is $0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.12 and a current ratio of 2.12.

Phoenix New Media’s stock is scheduled to reverse split on the morning of Saturday, May 21st. The 1-6 reverse split was announced on Saturday, May 21st. The number of shares owned by shareholders will be adjusted after the closing bell on Saturday, May 21st.

Phoenix New Media (NYSE:FENGGet Rating) last announced its earnings results on Monday, March 14th. The information services provider reported ($0.08) earnings per share (EPS) for the quarter. Phoenix New Media had a negative return on equity of 17.94% and a negative net margin of 26.17%. The business had revenue of $47.53 million for the quarter.

A number of equities research analysts have recently issued reports on FENG shares. StockNews.com started coverage on Phoenix New Media in a report on Friday, May 13th. They set a “buy” rating for the company. TheStreet downgraded Phoenix New Media from a “c-” rating to a “d+” rating in a research note on Friday, April 22nd.

About Phoenix New Media (Get Rating)

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

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