Short Interest in HUYA Inc. Sponsored ADR (NYSE:HUYA) Decreases By 43.3%

Key Points

• HUYA’s short interest fell 43.3% to 2.33 million shares as of August 31, representing 1.0% of shares outstanding and 1.2 days of average trading volume.
• Analyst sentiment is mixed, but MarketBeat reports a consensus “Moderate Buy” rating with an average price target of $3.45; ratings ranged from Strong Buy to Sell.
• HUYA shares opened at $2.08, near their 52-week low of $2.02, while the company reported $256.01 million in quarterly revenue and $0.02 earnings per share.

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,332,478 shares, a drop of 43.3% from the August 15th total of 4,111,110 shares. Based on an average daily trading volume, of 1,882,150 shares, the short-interest ratio is presently 1.2 days. Currently, 1.0% of the company's stock are sold short.

Analysts Set New Price Targets

HUYA has been the subject of several analyst reports. Citigroup reissued a "buy" rating on shares of HUYA in a research note on Wednesday, August 12th. Wall Street Zen downgraded HUYA from a "hold" rating to a "sell" rating in a report on Sunday, September 6th. Finally, Weiss Ratings lowered shares of HUYA from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3.45.

HUYA Stock Performance

Shares of NYSE:HUYA opened at $2.08 on Tuesday. The company's 50-day moving average is $2.30 and its 200 day moving average is $2.72. The company has a market capitalization of $476.15 million, a P/E ratio of -34.74 and a beta of 0.88. HUYA has a fifty-two week low of $2.02 and a fifty-two week high of $4.93.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share (EPS) for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. The company had revenue of $256.01 million during the quarter. As a group, research analysts predict that HUYA will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On HUYA

A hedge fund recently bought a new stake in HUYA stock. Public Employees Retirement System of Ohio bought a new position in HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 190,599 shares of the company's stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned approximately 0.09% of HUYA as of its most recent SEC filing. 23.20% of the stock is owned by institutional investors.

About HUYA

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.

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