Tencent Holdings Limited (OTCMKTS:TCEHY) Sees Large Growth in Short Interest

Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,834,800 shares, a growth of 24.8% from the March 15th total of 3,072,700 shares. Based on an average daily trading volume, of 4,629,100 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Barclays dropped their price target on Tencent from $50.00 to $46.00 and set an "overweight" rating for the company in a research note on Wednesday, January 31st.

Tencent Trading Down 3.0 %

OTCMKTS TCEHY traded down $1.18 during trading on Friday, hitting $38.70. 3,522,399 shares of the company's stock were exchanged, compared to its average volume of 2,014,550. The company has a market cap of $366.18 billion, a PE ratio of 23.17 and a beta of 0.32. Tencent has a fifty-two week low of $33.00 and a fifty-two week high of $47.29. The stock's 50 day moving average price is $37.13 and its two-hundred day moving average price is $37.95.

Tencent (OTCMKTS:TCEHY - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The technology company reported $0.52 earnings per share for the quarter. The company had revenue of $21.54 billion for the quarter. Tencent had a return on equity of 14.60% and a net margin of 32.33%. Analysts forecast that Tencent will post 2.68 earnings per share 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.