Tencent Holdings Limited (OTCMKTS:TCEHY) Short Interest Down 20.8% in April

Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 3,037,900 shares, a decline of 20.8% from the March 31st total of 3,834,800 shares. Based on an average trading volume of 4,390,400 shares, the short-interest ratio is currently 0.7 days.

Tencent Trading Up 2.2 %

Shares of Tencent stock traded up $0.95 during trading on Friday, reaching $44.39. The stock had a trading volume of 3,111,471 shares, compared to its average volume of 2,489,862. The company has a market capitalization of $419.28 billion, a price-to-earnings ratio of 26.58 and a beta of 0.32. The stock has a fifty day moving average price of $37.90 and a two-hundred day moving average price of $38.11. Tencent has a 52 week low of $33.00 and a 52 week high of $46.46.

Tencent (OTCMKTS:TCEHY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The technology company reported $0.52 EPS 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 18.88%. On average, equities analysts forecast that Tencent will post 2.68 EPS for the current fiscal year.

Tencent Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, May 20th will be given a $0.3839 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a dividend yield of 0.88%. This is an increase from Tencent's previous annual dividend of $0.10. Tencent's payout ratio is currently 22.75%.

Wall Street Analyst Weigh In

Separately, Barclays reduced their target price on Tencent from $50.00 to $46.00 and set an "overweight" rating on the stock in a report on Wednesday, January 31st.

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.