Phoenix New Media Limited (NYSE:FENG) Shorts Decreased by 8.51% After Short Covering


The stock of Phoenix New Media Limited (NYSE:FENG) registered a decrease of 8.51% in short interest. FENG’s total short interest was 84,900 shares in September as published by FINRA. Its down 8.51% from 92,800 shares, reported previously. With 168,600 shares average volume, it will take short sellers 1 days to cover their FENG’s short positions. About 176,254 shares traded hands or 18.39% up from the average. Phoenix New Media Ltd ADR (NYSE:FENG) has declined 3.04% since February 8, 2016 and is downtrending. It has underperformed by 19.53% the S&P500.

Phoenix New Media Limited is a media firm providing content on an integrated platform across Internet, mobile and television channels in China. The company has a market cap of $244.69 million. The Firm enables clients to access professional news and other information, and upload text and images on the Internet and through their mobile devices. It has a 17.41 P/E ratio. It also transmits its UGC and in-house produced content to television viewers primarily through Phoenix TV.

Out of 2 analysts covering Phoenix New Media Limited (NYSE:FENG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Phoenix New Media Limited has been the topic of 2 analyst reports since November 11, 2015 according to StockzIntelligence Inc. JP Morgan initiated the stock on August 31 with “Overweight” rating.

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