Short Interest in Tencent Holdings Limited (OTCMKTS:TCEHY) Grows By 21.3%

Tencent Holdings Limited (OTCMKTS:TCEHY) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 5,949,200 shares, a growth of 21.3% from the July 31st total of 4,903,800 shares. Based on an average trading volume of 5,325,600 shares, the short-interest ratio is presently 1.1 days.

Tencent Stock Performance

OTCMKTS:TCEHY opened at $48.51 on Friday. The company has a market cap of $453.20 billion, a price-to-earnings ratio of 25.53 and a beta of 0.19. Tencent has a fifty-two week low of $33.00 and a fifty-two week high of $52.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a fifty day moving average price of $47.63 and a 200-day moving average price of $44.02.

Tencent (OTCMKTS:TCEHY) last posted its quarterly earnings data on Wednesday, August 14th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Tencent had a net margin of 24.22% and a return on equity of 19.30%. The business had revenue of $22.25 billion during the quarter. As a group, equities analysts anticipate that Tencent will post 2.74 EPS for the current fiscal 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.