Tencent Holdings Limited (OTCMKTS:TCEHY – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 5,380,000 shares, a growth of 19.6% from the August 31st total of 4,500,000 shares. Based on an average daily volume of 2,658,500 shares, the days-to-cover ratio is currently 2.0 days.
Analyst Upgrades and Downgrades
Separately, New Street Research upgraded Tencent to a “strong-buy” rating in a report on Monday, September 9th.
Read Our Latest Stock Report on TCEHY
Tencent Stock Performance
Tencent (OTCMKTS:TCEHY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. The firm had revenue of $22.25 billion for the quarter. Tencent had a net margin of 24.22% and a return on equity of 19.06%. Equities research analysts expect that Tencent will post 2.74 EPS for the current fiscal year.
About Tencent
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.
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