HUYA Inc. Sponsored ADR (NYSE:HUYA) Short Interest Up 33.7% in January

HUYA Inc. Sponsored ADR (NYSE:HUYA) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,244,166 shares, an increase of 33.7% from the January 15th total of 1,678,840 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 4,350,222 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 4,350,222 shares, the short-interest ratio is currently 0.5 days. Approximately 1.0% of the shares of the company are short sold.

HUYA Trading Up 3.8%

HUYA stock traded up $0.16 during trading on Friday, hitting $4.29. The company had a trading volume of 1,829,275 shares, compared to its average volume of 3,233,231. The company has a fifty day moving average price of $3.57 and a two-hundred day moving average price of $3.29. HUYA has a fifty-two week low of $2.21 and a fifty-two week high of $4.93. The company has a market cap of $957.29 million, a P/E ratio of -47.61 and a beta of 0.87.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. HUYA had a positive return on equity of 0.73% and a negative net margin of 2.63%.The company had revenue of $215.93 million during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $0.34 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect that HUYA will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

HUYA has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 29th. HSBC raised shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HUYA currently has an average rating of “Hold” and a consensus price target of $3.50.

Hedge Funds Weigh In On HUYA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of HUYA by 8.6% during the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after buying an additional 19,353 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in HUYA by 10.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after acquiring an additional 14,456 shares during the last quarter. SG Americas Securities LLC grew its position in HUYA by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after acquiring an additional 41,138 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after purchasing an additional 7,867 shares in the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.