Phoenix New Media Limited Ameri is now up by 9.58% since yesterday’s close of 5.95 and has one of the biggest price gains of the day. So far 1,156,165 shares have been traded.
Shares last traded at $6.52 impressively higher than $4.12, the stock’s 50 day moving average and significantly above the 200 day moving average of $3.41. The 50 day moving average moved up $2.40 whereas the 200 day average was up by +91.46%.
Investors are more bearish on shares of Phoenix New Media Limited Ameri of late if you evaluate the increase in short interest. The firm saw a rise in short interest between August 15, 2017 and August 31, 2017 of 273.93%. Short shares grew from 107,259 to 401,072 over that period. The days to cover decreased to 0.0 and the percentage of shorted shares is 0.01% as of August 31.
These funds have shifted positions in (FENG). Sensato Investors LLC downsized its ownership by shedding 12,056 shares a decrease of 2.9%. Sensato Investors LLC now holds 407,422 shares valued at $1,072,000. The total value of its holdings decreased 26.8%. Granite Point Capital Management, L.p. divested its holdings by selling 47,300 shares a decrease of 32.8% from 03/31/2017 to 06/30/2017. Granite Point Capital Management, L.p. now controls 96,691 shares with a value of $254,000. The value of the position overall is down by 49.5%.
As of quarter end Ubs Group Ag had bought a total of 3,639 shares growing its position 5,351.5%. The value of the company’s investment in Phoenix New Media Limited Ameri went from $0 to $10,000 increasing inf% for the reporting period. As of the end of the quarter International Value Advisers, LLC had disposed of 26,457 shares trimming its stake by 0.6%. The value of the investment in FENG decreased from $14,332,000 to $10,731,000 a change of 25.1% quarter over quarter.
Phoenix New Media Limited Ameri’s P/E ratio is 48.66 and the market value is 502.24M. As of the last earnings report the EPS was $0.13 and is estimated to be $-0.05 for the current year with 77,030,000 shares now outstanding. Next quarter’s EPS is forecasted to be $-0.04 and the next full year EPS is projected to be $0.17.
Phoenix New Media Limited, launched on November 22, 2007, 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 quality information, and upload text and images (UGC) on the Internet and through their mobile devices. The Company 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 Company operates in two segments: net advertising services and paid services. The Company 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..