Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Short Interest Down 17.3% in March

Key Points

• Short interest down 17.3% — short interest fell to 14,370,299 shares as of March 13 (from 17,369,953 on Feb. 26), representing 4.4% of shares outstanding and a short-interest ratio of about 4.0 days.
• Analyst sentiment improving — JPMorgan upgraded Bilibili to "overweight" and raised its target to $35, Citigroup upgraded to "buy," and the consensus from MarketBeat is a "Moderate Buy" (eight Buys, one Hold) with a $30.50 price target.
• Shares opened at $22.33 with a 12‑month range of $14.47–$36.40; the company has a market cap of about $9.33 billion and a trailing P/E around 58.8.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 14,370,299 shares, a decline of 17.3% from the February 26th total of 17,369,953 shares. Based on an average trading volume of 3,575,672 shares, the short-interest ratio is currently 4.0 days. Currently, 4.4% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BILI. JPMorgan Chase & Co. upgraded Bilibili from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $27.00 to $35.00 in a research report on Tuesday, March 17th. Weiss Ratings restated a "hold (c-)" rating on shares of Bilibili in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Bilibili from a "buy" rating to a "hold" rating in a report on Monday, March 9th. Finally, Citigroup upgraded shares of Bilibili from a "neutral" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.50.

Bilibili Stock Performance

Shares of Bilibili stock opened at $22.33 on Monday. Bilibili has a twelve month low of $14.47 and a twelve month high of $36.40. The company has a quick ratio of 1.64, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $28.98 and a 200-day moving average price of $27.81. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 58.76 and a beta of 0.75.

Institutional Trading of Bilibili

Hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Bilibili during the 4th quarter valued at approximately $43,000. Farther Finance Advisors LLC increased its position in Bilibili by 226.9% in the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company's stock worth $61,000 after purchasing an additional 1,518 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Bilibili by 253.0% during the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company's stock valued at $102,000 after purchasing an additional 2,608 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Bilibili by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company's stock valued at $114,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Bilibili by 19.0% during the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company's stock valued at $135,000 after purchasing an additional 1,005 shares during the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

About Bilibili

Bilibili NASDAQ: BILI is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.

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