Short Interest in HUYA Inc. Sponsored ADR (NYSE:HUYA) Declines By 53.6%

Key Points

• Short interest in HUYA Inc. decreased by 53.6% in July, dropping from 5,000,000 shares to 2,320,000 shares, which is approximately 3.2% of the company's total shares.
• Institutional investors hold 23.20% of HUYA's stock, with several hedge funds increasing their positions during the fourth quarter.
• HUYA's stock is currently trading at $3.32, with a market cap of $747.76 million and a beta of 0.82.

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,320,000 shares, adeclineof53.6% from the July 15th total of 5,000,000 shares. Currently,3.2% of the shares of the company are short sold. Based on an average daily volume of 2,150,000 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 2,150,000 shares, the days-to-cover ratio is currently 1.1 days. Currently,3.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of HUYA by 2.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock valued at $439,000 after purchasing an additional 3,545 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of HUYA by 39.5% in the first quarter. Vident Advisory LLC now owns 17,624 shares of the company's stock valued at $57,000 after purchasing an additional 4,993 shares in the last quarter. Formidable Asset Management LLC lifted its holdings in shares of HUYA by 7.2% in the fourth quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock valued at $332,000 after purchasing an additional 7,300 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of HUYA by 327.0% in the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company's stock valued at $36,000 after purchasing an additional 7,867 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of HUYA in the first quarter valued at about $32,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Trading Down 1.1%

Shares of HUYA stock traded down $0.0350 on Friday, reaching $3.2850. 560,362 shares of the stock were exchanged, compared to its average volume of 1,997,881. HUYA has a 1-year low of $2.21 and a 1-year high of $6.43. The business has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $3.54. The firm has a market capitalization of $739.88 million, a PE ratio of -36.38 and a beta of 0.82.

HUYA Company Profile

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.