What’s Propelling TENCENT HOLDINGS LTD ORDINARY SHARES (OTCMKTS:TCTZF) After Lower Shorts Reported?

September 30, 2018 - By Kristin Houston

Tencent Holdings Limited (OTCMKTS:TCTZF) Logo

The stock of TENCENT HOLDINGS LTD ORDINARY SHARES (OTCMKTS:TCTZF) registered a decrease of 15.91% in short interest. TCTZF’s total short interest was 22.57 million shares in September as published by FINRA. Its down 15.91% from 26.84M shares, reported previously. With 144,200 shares average volume, it will take short sellers 157 days to cover their TCTZF’s short positions.

The stock decreased 1.78% or $0.74 during the last trading session, reaching $40.76. About 32,643 shares traded. Tencent Holdings Limited (OTCMKTS:TCTZF) has 0.00% since September 30, 2017 and is . It has underperformed by 15.62% 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 $383.88 billion. The firm operates through VAS, Online Advertising, and Others divisions. It has a 32.07 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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