What Next for Phoenix New Media Limited (NYSE:FENG) Stock After Decrease in Shorted Shares?

November 14, 2017 - By Vivian Park

 What Next for Phoenix New Media Limited (NYSE:FENG) Stock After Decrease in Shorted Shares?

The stock of Phoenix New Media Limited (NYSE:FENG) registered a decrease of 22.16% in short interest. FENG’s total short interest was 322,400 shares in November as published by FINRA. Its down 22.16% from 414,200 shares, reported previously. With 660,900 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 1.03%.

About 1.47 million shares traded or 156.83% up from the average. Phoenix New Media Ltd ADR (NYSE:FENG) has declined 20.71% since November 14, 2016 and is downtrending. It has underperformed by 37.41% 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 market cap of $439.57 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 45.83 P/E ratio. It also transmits its UGC and in-house produced content to television viewers primarily through Phoenix TV.

Phoenix New Media Ltd ADR (NYSE:FENG) Ratings Coverage

Among 2 analysts covering Phoenix New Media Limited (NYSE:FENG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Phoenix New Media Limited had 2 analyst reports since November 11, 2015 according to SRatingsIntel. JP Morgan initiated the stock with “Overweight” rating in Wednesday, August 31 report. Macquarie Research downgraded the shares of FENG in report on Wednesday, November 11 to “Neutral” rating.

More important recent Phoenix New Media Ltd ADR (NYSE:FENG) news were published by: Quotes.Wsj.com which released: “Phoenix New Media Ltd. Cl A ADR” on May 07, 2011, also Benzinga.com published article titled: “Earnings Scheduled For November 13, 2017”, Investorplace.com published: “Weibo Corp (ADR) (WB) Stock Is Down, But Not Out” on June 22, 2017. More interesting news about Phoenix New Media Ltd ADR (NYSE:FENG) was released by: Benzinga.com and their article: “34 Stocks Moving In Tuesday’s Pre-Market Session” with publication date: November 14, 2017.

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