Could TENCENT HOLDINGS LTD ORDINARY SHARES (OTCMKTS:TCTZF) See a Reversal After Less Sellers Came In?

July 13, 2018 - By Sonya McDaniel

Tencent Holdings Limited (OTCMKTS:TCTZF) Logo

The stock of TENCENT HOLDINGS LTD ORDINARY SHARES (OTCMKTS:TCTZF) registered a decrease of 4.64% in short interest. TCTZF’s total short interest was 27.61 million shares in July as published by FINRA. Its down 4.64% from 28.95M shares, reported previously. With 69,700 shares average volume, it will take short sellers 396 days to cover their TCTZF’s short positions. The short interest to TENCENT HOLDINGS LTD ORDINARY SHARES’s float is 0.51%.

The stock decreased 0.30% or $0.15 during the last trading session, reaching $48.7. About 17,915 shares traded. Tencent Holdings Limited (OTCMKTS:TCTZF) has 0.00% since July 13, 2017 and is . It has underperformed by 12.57% 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 $454.38 billion. The firm operates through VAS, Online Advertising, and Others divisions. It has a 36.48 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.

Another recent and important Tencent Holdings Limited (OTCMKTS:TCTZF) news was published by Investorplace.com which published an article titled: “3 Big Reasons to Be Bullish on Electronic Arts Inc. Stock” on June 15, 2018.

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