Bilibili Inc. (NASDAQ:BILI) Short Interest Update

Bilibili Inc. (NASDAQ:BILI) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 18,380,000 shares, a drop of 8.3% from the August 15th total of 20,050,000 shares. Based on an average daily volume of 5,870,000 shares, the short-interest ratio is currently 3.1 days.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BILI. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets raised Bilibili from a “neutral” rating to an “outperform” rating in a report on Thursday, August 22nd. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Bank of America upped their price objective on shares of Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Daiwa America upgraded shares of Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.91.

Bilibili Price Performance

Bilibili stock traded down $0.31 during midday trading on Wednesday, hitting $14.83. The company’s stock had a trading volume of 2,080,699 shares, compared to its average volume of 6,664,582. The company has a market cap of $6.12 billion, a price-to-earnings ratio of -9.07 and a beta of 0.83. Bilibili has a 1-year low of $8.80 and a 1-year high of $18.19. The company has a 50-day moving average price of $14.88 and a two-hundred day moving average price of $14.03.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts forecast that Bilibili will post -0.4 EPS for the current year.

Institutional Trading of Bilibili

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC raised its position in Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after purchasing an additional 1,734 shares during the last quarter. Sandia Investment Management LP acquired a new position in shares of Bilibili during the 1st quarter worth $112,000. Quadrant Capital Group LLC lifted its position in shares of Bilibili by 19.3% during the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock worth $125,000 after buying an additional 1,667 shares during the last quarter. Finally, Beck Bode LLC acquired a new stake in Bilibili in the second quarter valued at about $165,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.