JOYY Inc. (NASDAQ:YY – Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 915,600 shares, a drop of 18.3% from the September 15th total of 1,120,000 shares. Based on an average trading volume of 387,500 shares, the short-interest ratio is presently 2.4 days. Currently, 2.3% of the shares of the company are short sold.
JOYY Stock Down 3.5 %
JOYY stock traded down $1.26 during midday trading on Tuesday, reaching $34.34. The stock had a trading volume of 96,790 shares, compared to its average volume of 494,638. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 6.70 and a beta of 0.24. JOYY has a 52-week low of $27.88 and a 52-week high of $43.20. The company has a fifty day moving average of $35.18 and a 200 day moving average of $33.31.
JOYY (NASDAQ:YY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The information services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.81 by $0.27. JOYY had a return on equity of 4.98% and a net margin of 9.53%. The company had revenue of $565.13 million for the quarter, compared to the consensus estimate of $556.82 million. Equities research analysts predict that JOYY will post 3.4 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on JOYY from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Benchmark reaffirmed a “hold” rating on shares of JOYY in a report on Thursday, August 29th.
Read Our Latest Research Report on JOYY
JOYY Company Profile
JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.
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