Tencent Holdings Limited (OTCMKTS:TCEHY – Get Free Report) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 5,949,200 shares, an increase of 21.3% from the July 31st total of 4,903,800 shares. Based on an average daily trading volume, of 5,325,600 shares, the days-to-cover ratio is presently 1.1 days.
Tencent Price Performance
Shares of OTCMKTS TCEHY opened at $48.51 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $453.20 billion, a PE ratio of 25.53 and a beta of 0.19. The stock’s 50 day moving average price is $47.63 and its 200-day moving average price is $44.02. Tencent has a twelve month low of $33.00 and a twelve month high of $52.10.
Tencent (OTCMKTS:TCEHY – Get Free Report) last announced its earnings results on Wednesday, August 14th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The firm had revenue of $22.25 billion during the quarter. Tencent had a return on equity of 19.30% and a net margin of 24.22%. On average, equities analysts anticipate that Tencent will post 2.74 EPS for the current year.
Tencent Company Profile
Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.
Featured Stories
- Five stocks we like better than Tencent
- What Investors Need to Know to Beat the Market
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- How to Invest in the Best Canadian Stocks
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
Receive News & Ratings for Tencent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tencent and related companies with MarketBeat.com's FREE daily email newsletter.
