HUYA Inc. (NYSE:HUYA) Sees Large Increase in Short Interest

HUYA Inc. (NYSE:HUYA - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,860,000 shares, an increase of 22.2% from the March 31st total of 2,340,000 shares. Approximately 3.8% of the company's stock are sold short. Based on an average daily trading volume, of 2,140,000 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On HUYA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC bought a new stake in HUYA during the 4th quarter valued at approximately $43,000. Smith Anglin Financial LLC boosted its position in shares of HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock valued at $56,000 after acquiring an additional 4,002 shares during the period. Sei Investments Co. acquired a new stake in shares of HUYA in the fourth quarter worth $94,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of HUYA in the first quarter worth $110,000. Finally, Jump Financial LLC bought a new position in HUYA during the fourth quarter worth $129,000. 23.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Daiwa America lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Daiwa Capital Markets lowered shares of HUYA from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.68.

HUYA Price Performance

NYSE:HUYA traded up $0.01 during trading hours on Thursday, reaching $3.69. The company's stock had a trading volume of 586,229 shares, compared to its average volume of 1,696,595. The company has a market cap of $829.98 million, a price-to-earnings ratio of -40.94 and a beta of 0.81. HUYA has a one year low of $2.82 and a one year high of $6.84. The business's 50-day moving average is $3.53 and its 200-day moving average is $3.41.

HUYA (NYSE:HUYA - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts predict that HUYA will post 0.16 EPS for the current fiscal year.

HUYA Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA's dividend payout ratio (DPR) is -4,766.67%.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.