DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Update

DouYu International Holdings Limited (NASDAQ:DOYU) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,720,000 shares, an increase of 7.5% from the June 15th total of 1,600,000 shares. Based on an average daily volume of 219,500 shares, the days-to-cover ratio is currently 7.8 days. Approximately 5.4% of the company’s stock are sold short.

DouYu International Stock Up 0.1 %

Shares of DOYU stock traded up $0.02 during trading on Thursday, reaching $16.54. 114,555 shares of the company’s stock were exchanged, compared to its average volume of 157,032. The firm’s fifty day moving average price is $11.83 and its 200-day moving average price is $9.30. DouYu International has a twelve month low of $6.29 and a twelve month high of $18.40.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Wednesday, June 5th. The company reported ($0.37) EPS for the quarter. The company had revenue of $144.00 million during the quarter. DouYu International had a negative net margin of 1.35% and a positive return on equity of 0.62%.

DouYu International Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $9.71 per share. The ex-dividend date is Wednesday, August 21st.

Analyst Ratings Changes

Several brokerages recently commented on DOYU. Hsbc Global Res upgraded shares of DouYu International from a “moderate sell” rating to a “hold” rating in a report on Wednesday, July 3rd. HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 price objective for the company in a report on Wednesday, July 3rd. Finally, Citigroup dropped their target price on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a report on Friday, June 7th.

Hedge Funds Weigh In On DouYu International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOYU. Sequoia Financial Advisors LLC grew its stake in DouYu International by 191.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 30,464 shares of the company’s stock worth $29,000 after buying an additional 20,000 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of DouYu International during the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. increased its stake in DouYu International by 26.6% in the fourth quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock valued at $140,000 after acquiring an additional 32,857 shares during the last quarter. Athos Capital Ltd bought a new position in DouYu International in the fourth quarter valued at approximately $166,000. Finally, BRIGHT VALLEY CAPITAL Ltd acquired a new position in DouYu International during the fourth quarter valued at approximately $2,006,000. 17.86% of the stock is owned by institutional investors and hedge funds.

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.