Short Interest in DouYu International Holdings Limited (NASDAQ:DOYU) Increases By 37.6%

DouYu International Holdings Limited (NASDAQ:DOYU) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 630,900 shares, a growth of 37.6% from the February 13th total of 458,400 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 224,100 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On DouYu International

A number of large investors have recently added to or reduced their stakes in DOYU. Point72 Asia Singapore Pte. Ltd. acquired a new stake in DouYu International during the 3rd quarter valued at $42,000. Advisors Preferred LLC acquired a new stake in DouYu International during the 4th quarter valued at $51,000. Headlands Technologies LLC grew its holdings in DouYu International by 3,409.1% during the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company’s stock valued at $78,000 after purchasing an additional 6,750 shares in the last quarter. Jump Financial LLC acquired a new stake in DouYu International during the 4th quarter valued at $114,000. Finally, BNP Paribas Financial Markets grew its holdings in DouYu International by 61.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock valued at $137,000 after purchasing an additional 4,800 shares in the last quarter. 17.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DOYU shares. Citigroup upgraded DouYu International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $5.90 to $10.50 in a report on Tuesday. HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating in a report on Monday.

DouYu International Stock Performance

Shares of NASDAQ:DOYU traded down $0.93 during midday trading on Tuesday, hitting $8.43. 452,335 shares of the company’s stock traded hands, compared to its average volume of 227,233. The company has a market cap of $266.53 million, a PE ratio of -9.38 and a beta of 1.00. The firm’s fifty day moving average price is $12.35 and its two-hundred day moving average price is $11.13. DouYu International has a twelve month low of $6.29 and a twelve month high of $20.17.

DouYu International (NASDAQ:DOYU) last posted its earnings results on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($2.18) by $1.87. The business had revenue of $155.65 million for the quarter, compared to analyst estimates of $1.05 billion. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%.

DouYu International Increases Dividend

The firm also recently announced a — dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were issued a dividend of $9.94 per share. This is a positive change from DouYu International’s previous — dividend of $9.71. The ex-dividend date was Friday, February 21st.

About DouYu International

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.