Tencent Holdings Limited (OTCMKTS:TCTZF) Sees Large Increase in Short Interest

by · The Markets Daily

Tencent Holdings Limited (OTCMKTS:TCTZF – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 824,272 shares, an increase of 66.1% from the September 30th total of 496,273 shares. Based on an average trading volume of 24,427 shares, the short-interest ratio is presently 33.7 days.

Tencent Stock Up 4.0%

Shares of OTCMKTS TCTZF opened at $50.17 on Tuesday. The stock has a fifty day moving average price of $53.99 and a two-hundred day moving average price of $60.89. Tencent has a 1 year low of $47.73 and a 1 year high of $86.30.

About Tencent

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Tencent Holdings Limited is a Chinese technology and internet company founded in 1998 and headquartered in Shenzhen, China. The company develops and operates digital platforms and services used by consumers, businesses and content creators in China and international markets.

Its principal products include WeChat, known as Weixin in China, and QQ, which provide messaging, social networking, content and other digital services. Tencent also develops and publishes online games through its domestic and international operations, and offers digital content such as music, video, literature and live-streaming services.

Through its fintech and business-services operations, Tencent provides payment services, wealth-management products, cloud computing, advertising technology and enterprise software.

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