Short Interest in Tencent Holdings Limited (OTCMKTS:TCEHY) Increases By 30.0%

Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 7,507,300 shares, an increase of 30.0% from the January 15th total of 5,776,000 shares. Based on an average daily volume of 7,414,800 shares, the days-to-cover ratio is currently 1.0 days.

Tencent Stock Performance

Tencent stock traded up $2.92 during trading hours on Tuesday, reaching $64.45. 8,847,846 shares of the company were exchanged, compared to its average volume of 4,738,421. Tencent has a 12 month low of $33.00 and a 12 month high of $64.90. The firm has a market cap of $594.56 billion, a price-to-earnings ratio of 33.92 and a beta of 0.16. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $52.53 and a 200 day moving average of $51.89.

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.