Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 4,468,900 shares, a growth of 47.1% from the April 15th total of 3,037,900 shares. Based on an average daily volume of 6,037,300 shares, the short-interest ratio is presently 0.7 days.
Tencent Stock Performance
OTCMKTS:TCEHY traded down $0.07 during trading on Friday, reaching $47.56. The company's stock had a trading volume of 2,026,744 shares, compared to its average volume of 2,854,013. The firm has a market cap of $449.22 billion, a price-to-earnings ratio of 28.48 and a beta of 0.27. Tencent has a 12 month low of $33.00 and a 12 month high of $47.75. The firm has a 50 day moving average of $39.91 and a 200-day moving average of $38.64.
Tencent (OTCMKTS:TCEHY - Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The technology company reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $21.54 billion during the quarter. Tencent had a net margin of 18.88% and a return on equity of 14.60%. Equities research analysts forecast that Tencent will post 2.68 earnings per share for the current fiscal year.
Tencent Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, May 20th will be paid a $0.3839 dividend. This is an increase from Tencent's previous annual dividend of $0.10. The ex-dividend date is Friday, May 17th. This represents a yield of 0.88%. Tencent's dividend payout ratio is presently 16.17%.
Analyst Ratings Changes
Separately, Barclays decreased their target price on Tencent from $50.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, January 31st.
Get Our Latest Stock Report on Tencent
About Tencent
(
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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.
Further Reading
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