Trading volume for Phoenix New Media Ltd was 3,434K on Tuesday. Shares saw a steep increase in trading volume of 420.20% over the normal average daily volume.
Investors are a little more bullish on shares of Phoenix New Media Ltd if you look at the fall in short interest. The firm experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -34.32%. Short shares fell from 630,660 to 414,197 over that timeframe. Days to cover decreased 0.0 to 1.0 and the short interest percentage is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. Hermes Investment Management Ltd trimmed its position by shedding 68,379 shares a decrease of 9.6% in the quarter. Hermes Investment Management Ltd controls 646,273 shares worth $3,807,000. The value of the position overall is up by 102.5%. Pictet Asset Management Ltd cut its ownership by selling 114,623 shares a decrease of 70.0% from 06/30/2017 to 09/30/2017. Pictet Asset Management Ltd now holds 49,104 shares valued at $289,000. The total value of its holdings decreased 40.2%.
As of the end of the quarter Simplex Trading, LLC had acquired 17,892 shares growing its position 3,689.1%. The value of the investment in (FENG) increased from $1,000 to $108,000 a change of 10,700.0% for the reporting period. Dimensional Fund Advisors Lp added to its investment by buying 11,206 shares an increase of 6.1%. Dimensional Fund Advisors Lp owns 195,901 shares with a value of $1,153,000. The value of the position overall is up by 137.2%.
The company is so far trading up from yesterday’s close of 6.3. The company currently has a P/E ratio of 45.79 and market capitalization is 459.65M. As of the last earnings report the EPS was $0.14 with 256.55M shares presently outstanding.
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..