Bilibili Inc. (NASDAQ:BILI) Short Interest Update

Bilibili Inc. (NASDAQ:BILI) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 26,060,000 shares, a growth of 29.0% from the January 31st total of 20,200,000 shares. Based on an average daily trading volume, of 6,630,000 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of Bilibili

A number of institutional investors have recently added to or reduced their stakes in BILI. Y Intercept Hong Kong Ltd raised its position in Bilibili by 1,064.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock valued at $4,449,000 after purchasing an additional 173,941 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock valued at $30,258,000 after buying an additional 311,073 shares during the period. US Bancorp DE lifted its position in Bilibili by 882.4% during the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after acquiring an additional 63,772 shares in the last quarter. Jennison Associates LLC lifted its position in Bilibili by 208.4% during the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock worth $42,260,000 after acquiring an additional 1,221,433 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Bilibili in the 3rd quarter worth approximately $921,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays increased their price objective on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Mizuho raised their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Bilibili Trading Up 1.1 %

BILI stock traded up $0.25 during trading on Thursday, reaching $22.36. 3,610,369 shares of the stock traded hands, compared to its average volume of 7,076,100. The business’s 50 day moving average price is $18.49 and its 200-day moving average price is $18.99. The firm has a market capitalization of $9.27 billion, a PE ratio of -49.79 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. Bilibili has a 52-week low of $9.86 and a 52-week high of $31.77.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, sell-side analysts forecast that Bilibili will post 0.16 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.