DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Update

DouYu International Holdings Limited (NASDAQ:DOYU) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 2,020,000 shares, a growth of 6.3% from the August 31st total of 1,900,000 shares. Currently, 6.4% of the company’s stock are sold short. Based on an average trading volume of 381,900 shares, the days-to-cover ratio is currently 5.3 days.

Hedge Funds Weigh In On DouYu International

Institutional investors and hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of DouYu International in the 1st quarter valued at $3,750,000. Polunin Capital Partners Ltd purchased a new stake in DouYu International during the 2nd quarter worth $3,526,000. BNP Paribas Financial Markets acquired a new position in DouYu International in the 1st quarter worth $34,000. Headlands Technologies LLC acquired a new stake in shares of DouYu International during the second quarter valued at about $30,000. Finally, BRIGHT VALLEY CAPITAL Ltd increased its position in shares of DouYu International by 42.0% during the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock worth $4,079,000 after acquiring an additional 109,768 shares during the last quarter. Hedge funds and other institutional investors own 17.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Citigroup dropped their target price on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a report on Friday, June 7th. Hsbc Global Res lowered shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th. Finally, HSBC cut shares of DouYu International from a “hold” rating to a “reduce” rating in a report on Tuesday, September 24th.

DouYu International Stock Up 1.2 %

DOYU stock traded up $0.13 on Tuesday, reaching $10.96. 239,518 shares of the company’s stock were exchanged, compared to its average volume of 201,369. DouYu International has a twelve month low of $6.29 and a twelve month high of $20.17. The stock has a fifty day moving average of $14.16 and a 200-day moving average of $11.68. The firm has a market cap of $346.73 million, a PE ratio of -29.74 and a beta of 0.95.

DouYu International (NASDAQ:DOYU) last posted its quarterly earnings data on Thursday, September 12th. The company reported ($0.20) EPS for the quarter. DouYu International had a negative net margin of 2.63% and a negative return on equity of 0.97%. The company had revenue of $142.01 million for the quarter.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.