November 23, 2016 - By Winifred Garcia · 0 Comments
The stock of Phoenix New Media Limited (NYSE:FENG) registered an increase of 0.88% in short interest. FENG’s total short interest was 68,400 shares in November as published by FINRA. Its up 0.88% from 67,800 shares, reported previously. With 50,000 shares average volume, it will take short sellers 1 days to cover their FENG’s short positions. The short interest to Phoenix New Media Limited’s float is 0.22%. About 89,247 shares traded hands or 4.47% up from the average. Phoenix New Media Ltd ADR (NYSE:FENG) has declined 10.02% since April 21, 2016 and is downtrending. It has underperformed by 15.35% 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 $271.97 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 26.74 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. The rating was initiated by JP Morgan with “Overweight” on Wednesday, August 31. The stock of Phoenix New Media Ltd ADR (NYSE:FENG) has “Neutral” rating given on Wednesday, November 11 by Macquarie Research.
Phoenix New Media Limited, incorporated on November 22, 2007, is a media firm providing content on an integrated platform across Internet, mobile and television channels in China. The Firm enables clients to access professional news and other quality information, and upload text and images (UGC) on the Internet and through their mobile devices. The Firm also transmits its UGC and in-house produced content to television viewers primarily through Phoenix TV. In addition to professionally produced content, content from Phoenix TV and its in-house produced content, the Company allows its users to UGC to its Websites and mobile applications. The Firm operates in two divisions: net advertising services and paid services. The Firm provides its content and services through channels, including ifeng.com channel, video channel and mobile channel, and also transmits its content to television viewers, primarily through Phoenix TV. Together, these channels form a single converged platform providing integrated text, image and video content.
More notable recent Phoenix New Media Ltd ADR (NYSE:FENG) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on May 07, 2011, also Seekingalpha.com with their article: “Double Your Money With Phoenix New Media, China’s Online Content King” published on August 08, 2013, Prnewswire.com published: “Phoenix New Media Announces Strategic Cooperation between Yidian and OPPO” on July 22, 2016. More interesting news about Phoenix New Media Ltd ADR (NYSE:FENG) were released by: Quotes.Wsj.com and their article: “News Sina Corp.SINA” published on February 11, 2011 as well as Nasdaq.com‘s news article titled: “Asian ADRs Flat in Wednesday Trading” with publication date: August 10, 2016.
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By Winifred Garcia