DouYu International Holdings Limited (NASDAQ:DOYU) Sees Large Drop in Short Interest

DouYu International Holdings Limited (NASDAQ:DOYU) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 440,200 shares, a decline of 30.2% from the February 28th total of 630,900 shares. Based on an average daily volume of 260,600 shares, the short-interest ratio is presently 1.7 days. Currently, 1.4% of the shares of the company are short sold.

DouYu International Price Performance

Shares of NASDAQ DOYU traded up $0.05 during mid-day trading on Tuesday, reaching $7.52. 2,272 shares of the company’s stock traded hands, compared to its average volume of 229,215. The business has a 50-day simple moving average of $11.45 and a 200 day simple moving average of $10.93. The stock has a market cap of $237.74 million, a P/E ratio of -8.54 and a beta of 1.00. DouYu International has a 1-year low of $6.45 and a 1-year high of $20.17.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings data on Friday, March 14th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($2.18) by $1.87. The firm had revenue of $155.65 million during the quarter, compared to analyst estimates of $1.05 billion. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

DouYu International Increases Dividend

The company also recently declared a — dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were given 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 of this dividend was Friday, February 21st.

Institutional Investors Weigh In On DouYu International

A number of institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd boosted its stake in shares of DouYu International by 29.7% in the 4th quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company’s stock worth $8,011,000 after buying an additional 163,509 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of DouYu International by 8.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company’s stock valued at $555,000 after purchasing an additional 3,815 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd boosted its holdings in shares of DouYu International by 22.6% in the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock worth $17,667,000 after buying an additional 290,767 shares during the last quarter. Bank of America Corp DE grew its position in DouYu International by 113.5% during the fourth quarter. Bank of America Corp DE now owns 85,743 shares of the company’s stock valued at $961,000 after buying an additional 45,573 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in DouYu International during the fourth quarter worth about $821,000. 17.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DOYU shares. HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating in a research note on Monday, March 17th. Hsbc Global Res raised DouYu International from a “moderate sell” rating to a “hold” rating in a research note on Monday, March 17th. Finally, Citigroup raised DouYu International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $5.90 to $10.50 in a research note on Tuesday, March 18th.

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.