Short Interest in Tencent Holdings Limited (OTCMKTS:TCEHY) Grows By 19.6%

Tencent Holdings Limited (OTCMKTS:TCEHY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 5,380,000 shares, an increase of 19.6% from the August 31st total of 4,500,000 shares. Based on an average trading volume of 2,658,500 shares, the days-to-cover ratio is presently 2.0 days.

Tencent Trading Down 0.4 %

OTCMKTS TCEHY opened at $57.04 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $534.04 billion, a P/E ratio of 30.02 and a beta of 0.18. The business has a fifty day simple moving average of $48.15 and a 200 day simple moving average of $46.06. Tencent has a 12 month low of $33.00 and a 12 month high of $57.30.

Tencent (OTCMKTS:TCEHY) last released its quarterly earnings results on Wednesday, August 14th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Tencent had a net margin of 24.22% and a return on equity of 19.06%. The company had revenue of $22.25 billion for the quarter. On average, analysts predict that Tencent will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, New Street Research raised Tencent to a “strong-buy” rating in a report on Monday, September 9th.

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.