DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Update

DouYu International Holdings Limited (NASDAQ:DOYU - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 577,300 shares, an increase of 31.1% from the March 15th total of 440,200 shares. Based on an average daily volume of 277,500 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.8% of the company's stock are sold short.

Hedge Funds Weigh In On DouYu International

Several large investors have recently bought and sold shares of DOYU. BRIGHT VALLEY CAPITAL Ltd boosted its position in shares of DouYu International by 22.6% in the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company's stock valued at $17,667,000 after purchasing an additional 290,767 shares during the period. Point72 Hong Kong Ltd boosted its holdings in shares of DouYu International by 29.7% in the fourth quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company's stock valued at $8,011,000 after acquiring an additional 163,509 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of DouYu International during the fourth quarter worth approximately $2,429,000. Bank of America Corp DE increased its holdings in shares of DouYu International by 113.5% in the 4th quarter. Bank of America Corp DE now owns 85,743 shares of the company's stock valued at $961,000 after acquiring an additional 45,573 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in DouYu International in the 4th quarter valued at $821,000. Institutional investors and hedge funds own 17.86% of the company's stock.

DouYu International Price Performance

Shares of NASDAQ DOYU traded up $0.13 during midday trading on Thursday, hitting $6.82. 6,095 shares of the company's stock were exchanged, compared to its average volume of 231,128. The firm's fifty day simple moving average is $7.89 and its 200-day simple moving average is $10.51. The company has a market cap of $215.76 million, a PE ratio of -7.75 and a beta of 0.90. DouYu International has a twelve month low of $5.68 and a twelve month high of $20.17.

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

Analyst Upgrades and Downgrades

DOYU has been the subject of several recent research reports. Hsbc Global Res upgraded DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup upgraded shares of DouYu International from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $5.90 to $10.50 in a report on Tuesday, March 18th. Finally, HSBC upgraded shares of DouYu International from a "reduce" rating to a "hold" rating in a report on Monday, March 17th.

About DouYu International

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.