Bilibili Inc. (NASDAQ:BILI) Sees Significant Decline in Short Interest

Bilibili Inc. (NASDAQ:BILI) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 18,920,000 shares, a drop of 19.2% from the March 31st total of 23,410,000 shares. Based on an average trading volume of 6,620,000 shares, the days-to-cover ratio is presently 2.9 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILI. Schonfeld Strategic Advisors LLC lifted its stake in shares of Bilibili by 4,244.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 225,601 shares of the company’s stock valued at $9,384,000 after purchasing an additional 220,408 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Bilibili during the fourth quarter valued at $399,000. Candriam Luxembourg S.C.A. raised its stake in Bilibili by 35.1% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 341,998 shares of the company’s stock valued at $29,316,000 after buying an additional 88,898 shares during the last quarter. XTX Markets LLC purchased a new position in Bilibili during the fourth quarter valued at $337,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Bilibili by 43.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the company’s stock valued at $331,000 after buying an additional 365 shares during the last quarter. Institutional investors own 39.14% of the company’s stock.

Several equities analysts recently issued reports on BILI shares. Sanford C. Bernstein started coverage on Bilibili in a research report on Monday, January 25th. They set an “outperform” rating on the stock. CLSA started coverage on Bilibili in a research report on Monday, April 19th. They set a “buy” rating and a $128.00 price target on the stock. New Street Research started coverage on Bilibili in a research report on Wednesday, March 10th. They set a “buy” rating and a $140.00 price target on the stock. Zacks Investment Research lowered Bilibili from a “hold” rating to a “sell” rating in a research report on Monday, February 1st. Finally, TheStreet lowered Bilibili from a “c-” rating to a “d+” rating in a research report on Tuesday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $71.21.

Shares of BILI traded down $1.01 on Tuesday, reaching $105.12. The stock had a trading volume of 141,598 shares, compared to its average volume of 6,534,543. The firm has a market capitalization of $32.79 billion, a price-to-earnings ratio of -97.97 and a beta of 1.42. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.44 and a current ratio of 2.44. The company has a 50-day simple moving average of $107.91 and a 200-day simple moving average of $96.29. Bilibili has a 12-month low of $26.05 and a 12-month high of $157.66.

Bilibili (NASDAQ:BILI) last released its earnings results on Tuesday, February 23rd. The company reported ($1.88) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($1.46). The firm had revenue of $588.50 million during the quarter. Bilibili had a negative net margin of 25.28% and a negative return on equity of 30.90%. On average, analysts expect that Bilibili will post -1.31 EPS for the current fiscal year.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.

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