HUYA Inc. (NYSE:HUYA) Short Interest Up 126.8% in November

HUYA Inc. (NYSE:HUYA) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 3,130,000 shares, an increase of 126.8% from the November 15th total of 1,380,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 4.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On HUYA

Institutional investors and hedge funds have recently modified their holdings of the stock. Polunin Capital Partners Ltd bought a new position in shares of HUYA in the second quarter worth about $5,166,000. Commonwealth Equity Services LLC bought a new position in HUYA during the 2nd quarter worth about $291,000. National Bank of Canada FI grew its holdings in HUYA by 985,316.7% during the 2nd quarter. National Bank of Canada FI now owns 236,500 shares of the company’s stock worth $974,000 after acquiring an additional 236,476 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of HUYA in the 2nd quarter worth approximately $360,000. Finally, Acadian Asset Management LLC boosted its stake in shares of HUYA by 526.0% during the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after purchasing an additional 2,770,594 shares in the last quarter. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Stock Down 1.0 %

Shares of NYSE:HUYA opened at $3.12 on Friday. The firm has a fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $4.08. HUYA has a 52 week low of $2.89 and a 52 week high of $6.84. The stock has a market capitalization of $727.22 million, a P/E ratio of -34.67 and a beta of 0.60.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business posted $0.05 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. On average, analysts expect that HUYA will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

HUYA has been the topic of several research analyst reports. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $5.80 to $4.00 in a report on Wednesday, November 6th. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. HSBC restated a “hold” rating and set a $4.70 price objective on shares of HUYA in a research report on Friday, October 11th. Finally, Citigroup decreased their target price on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.68.

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.