Tencent Holdings Limited (OTCMKTS:TCEHY – Get Rating) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 8,236,500 shares, a growth of 24.8% from the December 31st total of 6,597,900 shares. Based on an average daily trading volume, of 7,533,700 shares, the short-interest ratio is currently 1.1 days.

Tencent Stock Up 0.4 %

Shares of OTCMKTS TCEHY opened at $52.55 on Friday. The firm has a 50-day moving average price of $42.48 and a 200 day moving average price of $38.54. Tencent has a 52 week low of $24.75 and a 52 week high of $63.00. The stock has a market capitalization of $502.84 billion, a price-to-earnings ratio of 41.87 and a beta of 0.29.

Tencent (OTCMKTS:TCEHY – Get Rating) last posted its earnings results on Wednesday, November 16th. The technology company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Tencent had a net margin of 32.16% and a return on equity of 8.93%. The firm had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $20.32 billion. Equities research analysts expect that Tencent will post 1.29 EPS for the current fiscal year.

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About Tencent

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Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. The company operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. It offers online games and social network services; FinTech and cloud services, and online advertising services.

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