Short Interest in HUYA Inc. (NYSE:HUYA) Rises By 45.8%

HUYA Inc. (NYSE:HUYA - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,100,000 shares, an increase of 45.8% from the March 31st total of 1,440,000 shares. Based on an average trading volume of 1,390,000 shares, the short-interest ratio is currently 1.5 days. Approximately 2.5% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded shares of HUYA from a "neutral" rating to a "buy" rating and set a $5.80 price target for the company in a research report on Monday, March 25th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd raised its holdings in HUYA by 2,008.2% in the 4th quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company's stock valued at $16,660,000 after acquiring an additional 4,335,884 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of HUYA during the 4th quarter valued at $16,189,000. Assenagon Asset Management S.A. purchased a new stake in shares of HUYA during the 3rd quarter valued at $1,796,000. Lansdowne Partners UK LLP purchased a new stake in shares of HUYA during the 3rd quarter valued at $1,560,000. Finally, Jacob Asset Management of New York LLC grew its stake in shares of HUYA by 23.9% during the 3rd quarter. Jacob Asset Management of New York LLC now owns 407,010 shares of the company's stock valued at $1,156,000 after buying an additional 78,415 shares during the period. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Stock Down 0.7 %

Shares of HUYA stock traded down $0.03 during trading on Friday, hitting $4.38. 1,460,617 shares of the company were exchanged, compared to its average volume of 1,167,196. HUYA has a fifty-two week low of $2.15 and a fifty-two week high of $5.30. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -39.82 and a beta of 0.59. The firm has a 50 day moving average price of $4.29 and a 200 day moving average price of $3.67.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 19th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The business had revenue of $215.47 million during the quarter, compared to analyst estimates of $206.51 million. HUYA had a negative net margin of 2.80% and a positive return on equity of 0.30%. Analysts predict that HUYA will post 0.11 earnings per share for the current year.

HUYA Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Thursday, May 9th.

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.