Phoenix New Media Limited (NYSE:FENG) was the target of a significant decrease in short interest in October. As of October 13th, there was short interest totalling 414,197 shares, a decrease of 34.3% from the September 29th total of 630,660 shares. Based on an average trading volume of 569,485 shares, the days-to-cover ratio is currently 0.7 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of Phoenix New Media Limited by 48.2% during the 1st quarter. Russell Investments Group Ltd. now owns 53,272 shares of the information services provider’s stock worth $185,000 after acquiring an additional 17,325 shares in the last quarter. State Street Corp boosted its stake in shares of Phoenix New Media Limited by 18.7% during the 2nd quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock worth $274,000 after acquiring an additional 16,457 shares in the last quarter. GAM Holding AG bought a new stake in shares of Phoenix New Media Limited during the 2nd quarter worth $395,000. Dimensional Fund Advisors LP boosted its stake in shares of Phoenix New Media Limited by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 184,695 shares of the information services provider’s stock worth $486,000 after acquiring an additional 63,378 shares in the last quarter. Finally, Hermes Investment Management Ltd. boosted its stake in shares of Phoenix New Media Limited by 28.9% during the 2nd quarter. Hermes Investment Management Ltd. now owns 714,652 shares of the information services provider’s stock worth $1,880,000 after acquiring an additional 160,199 shares in the last quarter. 12.39% of the stock is owned by institutional investors and hedge funds.

Shares of Phoenix New Media Limited (NYSE:FENG) opened at 5.44 on Wednesday. The stock has a 50 day moving average price of $5.82 and a 200 day moving average price of $3.91. The stock has a market capitalization of $419.04 million, a P/E ratio of 40.90 and a beta of 1.10. Phoenix New Media Limited has a 12 month low of $2.43 and a 12 month high of $6.73.

Phoenix New Media Limited (NYSE:FENG) last released its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. The business had revenue of $58.00 million during the quarter, compared to analyst estimates of $54.49 million. Phoenix New Media Limited had a return on equity of 3.00% and a net margin of 4.39%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS. On average, analysts anticipate that Phoenix New Media Limited will post ($0.08) EPS for the current fiscal year.

Separately, BidaskClub upgraded Phoenix New Media Limited from a “hold” rating to a “buy” rating in a research report on Friday, August 25th.

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Phoenix New Media Limited Company Profile

Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.

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