Short Interest in HUYA Inc. (NYSE:HUYA) Increases By 50.3%

HUYA Inc. (NYSE:HUYA) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,510,000 shares, a growth of 50.3% from the February 13th total of 1,670,000 shares. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 3.3% of the shares of the company are sold short.

HUYA Price Performance

HUYA stock traded up $0.23 during mid-day trading on Friday, hitting $4.45. 2,091,155 shares of the company’s stock traded hands, compared to its average volume of 1,427,697. The firm has a 50 day simple moving average of $3.65 and a two-hundred day simple moving average of $3.68. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.84. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -49.39 and a beta of 0.72.

Institutional Investors Weigh In On HUYA

A number of hedge funds and other institutional investors have recently modified their holdings of the company. WCM Investment Management LLC lifted its holdings in shares of HUYA by 4,396.5% during the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after buying an additional 2,790,696 shares in the last quarter. FMR LLC lifted its holdings in shares of HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after buying an additional 1,681,800 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of HUYA by 19.7% during the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock worth $3,057,000 after buying an additional 164,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of HUYA by 66.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock worth $2,328,000 after buying an additional 302,988 shares in the last quarter. Finally, Monolith Management Ltd acquired a new stake in shares of HUYA during the fourth quarter worth $2,144,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

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.