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

DouYu International Holdings Limited (NASDAQ:DOYU) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 2,020,000 shares, an increase of 6.3% from the August 31st total of 1,900,000 shares. Based on an average trading volume of 381,900 shares, the days-to-cover ratio is currently 5.3 days. Approximately 6.4% of the company’s stock are short sold.

DouYu International Price Performance

DouYu International stock traded up $0.13 during midday trading on Tuesday, reaching $10.96. The company had a trading volume of 239,518 shares, compared to its average volume of 201,369. DouYu International has a 12-month low of $6.29 and a 12-month high of $20.17. The firm’s fifty day simple moving average is $14.16 and its 200-day simple moving average is $11.68. The company has a market capitalization of $346.73 million, a P/E ratio of -29.74 and a beta of 0.95.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.20) 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DOYU shares. HSBC downgraded DouYu International from a “hold” rating to a “reduce” rating in a research report on Tuesday, September 24th. Hsbc Global Res downgraded shares of DouYu International from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 24th. Finally, Citigroup dropped their price target on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a research note on Friday, June 7th.

Institutional Investors Weigh In On DouYu International

A number of hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in DouYu International in the 2nd quarter worth approximately $30,000. BNP Paribas Financial Markets acquired a new stake in shares of DouYu International in the first quarter valued at approximately $34,000. Dimensional Fund Advisors LP boosted its stake in DouYu International by 46.0% during the second quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock worth $1,761,000 after buying an additional 50,531 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd grew its holdings in DouYu International by 42.0% in the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock valued at $4,079,000 after buying an additional 109,768 shares in the last quarter. Finally, Polunin Capital Partners Ltd purchased a new position in shares of DouYu International during the 2nd quarter worth $3,526,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.

About DouYu International

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.