Short Interest in Bilibili Inc. (NASDAQ:BILI) Expands By 15.1%

Bilibili Inc. (NASDAQ:BILI) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 19,170,000 shares, a growth of 15.1% from the November 30th total of 16,660,000 shares. Based on an average daily volume of 8,250,000 shares, the short-interest ratio is currently 2.3 days.

Bilibili Trading Down 2.3 %

NASDAQ BILI traded down $0.44 during trading on Monday, reaching $18.40. The company’s stock had a trading volume of 2,412,623 shares, compared to its average volume of 6,996,878. The firm has a 50 day moving average price of $20.17 and a 200 day moving average price of $18.05. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of -20.00 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.39) earnings per share. On average, equities analysts forecast that Bilibili will post -0.34 EPS for the current fiscal year.

Institutional Trading of Bilibili

A number of institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares during the period. TD Private Client Wealth LLC bought a new position in Bilibili in the 3rd quarter valued at about $53,000. Venturi Wealth Management LLC bought a new position in Bilibili in the 3rd quarter valued at about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after buying an additional 735 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in shares of Bilibili during the 3rd quarter worth approximately $159,000. 16.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Benchmark upped their price objective on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Mizuho raised their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Bank of America upped their price objective on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

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.