HUYA Inc. Sponsored ADR (NYSE:HUYA) Short Interest Up 24.4% in April

HUYA Inc. Sponsored ADR (NYSE:HUYA) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 5,125,145 shares, a growth of 24.4% from the March 31st total of 4,121,473 shares. Based on an average daily trading volume, of 806,557 shares, the days-to-cover ratio is presently 6.4 days. Currently, 2.3% of the company’s stock are sold short.

Hedge Funds Weigh In On HUYA

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in shares of HUYA by 92.1% during the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after purchasing an additional 41,138 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after purchasing an additional 14,456 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew 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 valued at $817,000 after purchasing an additional 19,353 shares during the last quarter. 23.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on HUYA shares. Weiss Ratings restated a “sell (d-)” rating on shares of HUYA in a research note on Monday. Zacks Research cut HUYA from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Morgan Stanley set a $3.40 price objective on HUYA in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.45.

HUYA Trading Up 1.8%

NYSE HUYA traded up $0.06 on Friday, hitting $3.20. 280,831 shares of the stock traded hands, compared to its average volume of 612,877. The company has a market capitalization of $714.18 million, a P/E ratio of -53.24 and a beta of 0.94. The stock has a 50-day moving average of $3.32 and a 200 day moving average of $3.29. HUYA has a twelve month low of $2.21 and a twelve month high of $4.93.

HUYA (NYSE:HUYA) last posted its earnings results on Sunday, February 15th. The company reported ($0.01) EPS for the quarter. The company had revenue of $248.48 million for the quarter. HUYA had a negative net margin of 1.77% and a positive return on equity of 0.50%. As a group, equities research analysts expect that HUYA will post 0.14 earnings per share for the current year.

HUYA declared that its board has approved a stock buyback plan on Wednesday, March 18th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

HUYA Company Profile

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.