DouYu International Holdings Limited (NASDAQ:DOYU) Sees Large Increase in Short Interest

DouYu International Holdings Limited (NASDAQ:DOYU) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 849,400 shares, an increase of 54.2% from the October 15th total of 550,700 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 257,500 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of DouYu International during the 2nd quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in DouYu International during the third quarter worth $42,000. BNP Paribas Financial Markets purchased a new position in DouYu International in the first quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in DouYu International by 88.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company’s stock valued at $145,000 after purchasing an additional 6,302 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of DouYu International during the 3rd quarter valued at $147,000. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOYU has been the subject of a number of recent research reports. HSBC lowered shares of DouYu International from a “hold” rating to a “reduce” rating in a research note on Tuesday, September 24th. Hsbc Global Res downgraded shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, September 24th.

DouYu International Stock Down 1.2 %

DOYU stock opened at $10.42 on Friday. The stock’s 50 day moving average is $9.73 and its 200-day moving average is $12.22. DouYu International has a twelve month low of $6.29 and a twelve month high of $20.17. The firm has a market capitalization of $329.49 million, a PE ratio of -17.36 and a beta of 0.95.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings data on Thursday, September 12th. The company reported ($0.20) earnings per share 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.