DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Down 6.2% in April

DouYu International Holdings Limited (NASDAQ:DOYU) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,370,000 shares, a decrease of 6.2% from the March 31st total of 1,460,000 shares. Currently, 4.3% of the shares of the company are sold short. Based on an average trading volume of 96,900 shares, the short-interest ratio is currently 14.1 days.

Hedge Funds Weigh In On DouYu International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its position in DouYu International by 191.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 30,464 shares of the company’s stock valued at $29,000 after buying an additional 20,000 shares in the last quarter. BNP Paribas Financial Markets bought a new position in DouYu International in the 1st quarter valued at about $34,000. Castleview Partners LLC bought a new position in DouYu International in the 3rd quarter valued at about $40,000. Russell Investments Group Ltd. grew its position in DouYu International by 26.6% in the 4th quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock valued at $140,000 after buying an additional 32,857 shares in the last quarter. Finally, Athos Capital Ltd bought a new position in DouYu International in the 4th quarter valued at about $166,000. Institutional investors own 17.86% of the company’s stock.

DouYu International Stock Performance

DouYu International stock opened at $8.60 on Thursday. The company has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $8.07. The firm has a market capitalization of $275.01 million, a P/E ratio of 86.00 and a beta of 1.02. DouYu International has a one year low of $6.29 and a one year high of $12.20.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The firm had revenue of $182.53 million for the quarter. DouYu International had a return on equity of 2.27% and a net margin of 0.61%.

DouYu International Company Profile

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.