DouYu International Holdings Limited (NASDAQ:DOYU) Sees Significant Increase in Short Interest

DouYu International Holdings Limited (NASDAQ:DOYU) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 849,400 shares, a growth of 54.2% from the October 15th total of 550,700 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 257,500 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Athos Capital Ltd raised its stake in DouYu International by 9.3% during the third quarter. Athos Capital Ltd now owns 19,925 shares of the company’s stock worth $216,000 after acquiring an additional 1,700 shares in the last quarter. Headlands Technologies LLC acquired a new position in DouYu International during the 2nd quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in DouYu International during the 3rd quarter worth approximately $42,000. BNP Paribas Financial Markets lifted its stake in DouYu International by 61.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock valued at $137,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in DouYu International by 88.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company’s stock valued at $145,000 after buying an additional 6,302 shares in the last quarter. 17.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DOYU has been the subject of several analyst reports. Hsbc Global Res cut shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th. HSBC downgraded shares of DouYu International from a “hold” rating to a “reduce” rating in a research report on Tuesday, September 24th.

DouYu International Stock Performance

Shares of NASDAQ DOYU opened at $10.42 on Friday. The stock has a market capitalization of $329.49 million, a P/E ratio of -17.36 and a beta of 0.95. The stock’s fifty day moving average is $9.73 and its 200 day moving average is $12.22. DouYu International has a 52 week low of $6.29 and a 52 week high of $20.17.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings data on Thursday, September 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $142.01 million for the quarter. DouYu International had a negative return on equity of 0.97% and a negative net margin of 2.63%.

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.