HUYA Inc. Sponsored ADR (NYSE:HUYA) Sees Significant Decrease in Short Interest

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 during 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. Based on an average trading volume of 2,150,000 shares, the short-interest ratio is currently 1.1 days. Currently,3.2% of the shares of the stock are sold short. Currently,3.2% of the shares of the stock are sold short. Based on an average trading volume of 2,150,000 shares, the short-interest ratio is currently 1.1 days.

HUYA Trading Down 0.8%

Shares of HUYA traded down $0.0250 on Wednesday, reaching $3.1850. 814,145 shares of the company's stock were exchanged, compared to its average volume of 2,010,045. The stock has a market capitalization of $717.36 million, a P/E ratio of -35.38 and a beta of 0.82. The business has a 50 day moving average price of $3.33 and a two-hundred day moving average price of $3.54. HUYA has a 12 month low of $2.21 and a 12 month high of $6.43.

Institutional Investors Weigh In On HUYA

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI bought a new stake in shares of HUYA during the first quarter worth approximately $32,000. Loomis Sayles & Co. L P raised its stake in shares of HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company's stock worth $36,000 after buying an additional 7,867 shares during the last quarter. Two Sigma Securities LLC bought a new stake in HUYA in the fourth quarter valued at approximately $43,000. Vident Advisory LLC increased its stake in 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. Finally, Virtu Financial LLC bought a new stake in HUYA in the first quarter valued at approximately $93,000. 23.20% of the stock is owned by institutional investors.

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.