Bilibili Inc. (NASDAQ:BILI) Sees Significant Increase in Short Interest

Bilibili Inc. (NASDAQ:BILI) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 20,050,000 shares, a growth of 18.9% from the July 31st total of 16,860,000 shares. Based on an average daily volume of 6,260,000 shares, the short-interest ratio is currently 3.2 days.

Hedge Funds Weigh In On Bilibili

Several hedge funds have recently bought and sold shares of the company. CWM LLC increased its position in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after buying an additional 853 shares in the last quarter. Parallel Advisors LLC increased its holdings in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after acquiring an additional 1,734 shares in the last quarter. Sandia Investment Management LP purchased a new position in Bilibili during the 1st quarter valued at about $112,000. Quadrant Capital Group LLC raised its position in Bilibili by 19.3% during the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock worth $125,000 after acquiring an additional 1,667 shares during the last quarter. Finally, Beck Bode LLC purchased a new stake in shares of Bilibili in the second quarter valued at about $165,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.90 to $18.00 in a report on Friday, May 31st. Benchmark boosted their price target on Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Daiwa America raised Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a report on Tuesday, June 18th. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.68.

Bilibili Stock Up 1.1 %

NASDAQ:BILI opened at $14.38 on Monday. The firm’s fifty day simple moving average is $15.18 and its 200-day simple moving average is $13.61. The stock has a market cap of $5.96 billion, a PE ratio of -8.61 and a beta of 0.85. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $18.19.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same period in the prior year, the firm posted ($0.43) EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Equities analysts anticipate that Bilibili will post -0.4 earnings per share for the current year.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.