HUYA Inc. Sponsored ADR (NYSE:HUYA) Short Interest Up 24.4% in April

Key Points

• Short interest jumped 24.4% in April to 5,125,145 shares (about 2.3% of the stock) with a days-to-cover ratio of 6.4 based on average daily volume.
• Analysts are mixed with an average rating of Hold and an average price target of $3.45, comprised of one Strong Buy, one Hold and one Sell opinion.
• HUYA shares traded near $3.20 with a market cap of roughly $714M and a 52-week range of $2.21–$4.93; the company reported negative EPS/margin (PE -53.24).

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 5,125,145 shares, an increase of 24.4% from the March 31st total of 4,121,473 shares. Currently, 2.3% of the company's stock are short sold. Based on an average daily volume of 806,557 shares, the days-to-cover ratio is currently 6.4 days.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zacks Research cut HUYA from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Morgan Stanley set a $3.40 price objective on HUYA in a research note on Wednesday, February 25th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of HUYA in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, HUYA has an average rating of "Hold" and an average price target of $3.45.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in shares of HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company's stock worth $286,000 after acquiring an additional 41,138 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company's stock valued at $497,000 after buying an additional 14,456 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in HUYA by 8.6% during the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company's stock valued at $817,000 after buying an additional 19,353 shares in the last quarter. Institutional investors and hedge funds own 23.20% of the company's stock.

HUYA Stock Performance

Shares of NYSE:HUYA traded up $0.06 during trading on Friday, hitting $3.20. The company's stock had a trading volume of 280,831 shares, compared to its average volume of 612,877. HUYA has a fifty-two week low of $2.21 and a fifty-two week high of $4.93. The stock's 50-day moving average price is $3.32 and its two-hundred day moving average price is $3.29. The company has a market capitalization of $714.18 million, a PE ratio of -53.24 and a beta of 0.94.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Sunday, February 15th. The company reported ($0.01) EPS for the quarter. HUYA had a positive return on equity of 0.50% and a negative net margin of 1.77%.The business had revenue of $248.48 million during the quarter. On average, equities analysts predict that HUYA will post 0.14 earnings per share for the current fiscal year.

HUYA declared that its board has approved a stock buyback program on Wednesday, March 18th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA's business are user-generated live streams hosted by professional gamers, influencers and esports organizations.

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