Short Interest in HUYA Inc. (NYSE:HUYA) Expands By 5.8%

HUYA Inc. (NYSE:HUYA) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 3,260,000 shares, a growth of 5.8% from the July 31st total of 3,080,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 4.3% of the shares of the stock are sold short.

HUYA Price Performance

Shares of HUYA remained flat at $4.17 during trading hours on Tuesday. The company had a trading volume of 146,691 shares, compared to its average volume of 1,450,279. The stock’s 50 day moving average is $4.28 and its 200-day moving average is $4.44. HUYA has a 12 month low of $2.42 and a 12 month high of $6.84. The firm has a market cap of $971.94 million, a P/E ratio of -41.70 and a beta of 0.56.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.06 by $0.35. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was down 16.1% on a year-over-year basis. Sell-side analysts expect that HUYA will post 0.17 earnings per share for the current fiscal year.

HUYA Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be given a dividend of $1.06 per share. This is a boost from HUYA’s previous — dividend of $0.64. The ex-dividend date is Wednesday, October 9th.

Institutional Investors Weigh In On HUYA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in shares of HUYA by 162.4% in the 2nd quarter. Mackenzie Financial Corp now owns 171,584 shares of the company’s stock worth $678,000 after buying an additional 106,182 shares during the last quarter. Millennium Management LLC bought a new stake in shares of HUYA in the 2nd quarter worth approximately $5,197,000. Caxton Associates LP raised its holdings in shares of HUYA by 407.5% in the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock worth $1,627,000 after purchasing an additional 330,659 shares during the period. Marshall Wace LLP lifted its stake in HUYA by 177.6% in the second quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after purchasing an additional 501,681 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in HUYA by 432.5% during the second quarter. Sei Investments Co. now owns 77,261 shares of the company’s stock valued at $305,000 after purchasing an additional 62,753 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

Wall Street Analyst Weigh In

HUYA has been the topic of a number of research reports. Citigroup raised shares of HUYA from a “sell” rating to a “buy” rating and boosted their target price for the stock from $2.40 to $6.00 in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised HUYA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $3.00 to $9.00 in a research note on Monday, May 20th. Finally, Morgan Stanley raised shares of HUYA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.