Tencent Holdings Limited (OTCMKTS:TCEHY) Short Interest Down 28.0% in March

Tencent Holdings Limited (OTCMKTS:TCEHY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 5,546,200 shares, a decrease of 28.0% from the March 15th total of 7,707,700 shares. Based on an average trading volume of 8,798,800 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Barclays restated an “overweight” rating and set a $88.00 price target on shares of Tencent in a research note on Thursday, March 20th.

Tencent Trading Up 0.3 %

Shares of TCEHY stock opened at $58.00 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33. The company has a market cap of $533.74 billion, a price-to-earnings ratio of 30.53 and a beta of 0.14. Tencent has a 1 year low of $38.70 and a 1 year high of $71.82. The firm has a fifty day moving average price of $62.71 and a 200-day moving average price of $56.29.

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.