TENCENT HOLDINGS LTD ORDINARY SHARES (OTCMKTS:TCTZF) Could Burn Your Long Portfolio After More Shorts

April 16, 2018 - By Vivian Park

Tencent Holdings Limited (OTCMKTS:TCTZF) Logo

The stock of TENCENT HOLDINGS LTD ORDINARY SHARES (OTCMKTS:TCTZF) registered an increase of 1.95% in short interest. TCTZF’s total short interest was 33.07M shares in April as published by FINRA. Its up 1.95% from 32.43M shares, reported previously. With 131,600 shares average volume, it will take short sellers 251 days to cover their TCTZF’s short positions. The short interest to TENCENT HOLDINGS LTD ORDINARY SHARES’s float is 0.61%.

The stock decreased 0.10% or $0.05 during the last trading session, reaching $51.45. About 15,608 shares traded. Tencent Holdings Limited (OTCMKTS:TCTZF) has 0.00% since April 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Tencent Holdings Limited, an investment holding company, provides Internet value-added services and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company has market cap of $490.05 billion. The firm operates through VAS, Online Advertising, and Others divisions. It has a 43.24 P/E ratio. It offers online/mobile games, community VAS, and applications across various Internet and mobile platforms; instant messaging services; and online literature services.

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