Tencent Holding Ltd. (OTCMKTS:TCEHY) Sees Large Increase in Short Interest

Key Points

• Tencent Holding Ltd. experienced a 70.9% increase in short interest in August, rising to 13,109,700 shares from 7,671,000 shares.
• The company's short-interest ratio is currently 4.3 days, indicating the number of days it would take to cover the short positions based on average daily trading volume.
• Tencent's stock price recently opened at $82.30, with a market capitalization of approximately $754.93 billion and a PE ratio of 26.63.

Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 13,109,700 shares, a growth of 70.9% from the August 15th total of 7,671,000 shares. Based on an average daily trading volume, of 3,038,100 shares, the days-to-cover ratio is presently 4.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,038,100 shares, the days-to-cover ratio is presently 4.3 days.

Tencent Price Performance

OTCMKTS:TCEHY traded down $0.13 during mid-day trading on Friday, reaching $82.53. 695,007 shares of the company were exchanged, compared to its average volume of 3,295,773. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.27. The stock has a market cap of $756.99 billion, a PE ratio of 26.71 and a beta of 0.11. Tencent has a 12 month low of $46.76 and a 12 month high of $85.27. The company has a fifty day moving average of $74.14 and a 200 day moving average of $67.34.

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.