DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Down 21.3% in April

DouYu International Holdings Limited (NASDAQ:DOYU - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 454,300 shares, a decline of 21.3% from the March 31st total of 577,300 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 237,900 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On DouYu International

Several large investors have recently modified their holdings of DOYU. Advisors Preferred LLC purchased a new position in DouYu International during the fourth quarter worth about $51,000. Headlands Technologies LLC lifted its stake in DouYu International by 3,409.1% during the fourth quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock worth $78,000 after purchasing an additional 6,750 shares in the last quarter. Jump Financial LLC purchased a new position in shares of DouYu International during the fourth quarter worth $114,000. Sei Investments Co. purchased a new position in DouYu International during the 4th quarter valued at about $195,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in DouYu International in the 4th quarter valued at about $206,000. Institutional investors and hedge funds own 17.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DOYU. HSBC raised shares of DouYu International from a "reduce" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup raised shares of DouYu International from a "sell" rating to a "neutral" rating and increased their target price for the stock from $5.90 to $10.50 in a research note on Tuesday, March 18th. Finally, Hsbc Global Res raised DouYu International from a "moderate sell" rating to a "hold" rating in a report on Monday, March 17th.

DouYu International Stock Up 0.1 %

Shares of DouYu International stock traded up $0.01 during mid-day trading on Tuesday, reaching $7.63. 19,761 shares of the stock traded hands, compared to its average volume of 230,930. DouYu International has a fifty-two week low of $5.68 and a fifty-two week high of $20.17. The stock has a market capitalization of $241.38 million, a PE ratio of -8.67 and a beta of 0.83. The business has a 50-day moving average of $7.23 and a 200 day moving average of $10.41.

DouYu International (NASDAQ:DOYU - Get Free Report) last issued its earnings results on Friday, March 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.18) by $1.87. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The business had revenue of $155.65 million during the quarter, compared to the consensus estimate of $1.05 billion.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.