Bilibili Inc. (NASDAQ:BILI) Short Interest Down 15.1% in February

Bilibili Inc. (NASDAQ:BILI) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 22,130,000 shares, a drop of 15.1% from the February 13th total of 26,060,000 shares. Currently, 6.9% of the company’s shares are sold short. Based on an average daily volume of 7,050,000 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC raised its stake in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after purchasing an additional 1,436 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Bilibili during the third quarter valued at approximately $53,000. Federated Hermes Inc. purchased a new stake in shares of Bilibili during the fourth quarter valued at approximately $55,000. Blue Trust Inc. raised its stake in shares of Bilibili by 147.8% during the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after purchasing an additional 1,896 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BILI shares. Nomura Securities cut shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays raised their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Benchmark raised their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.11.

Bilibili Trading Down 3.1 %

Shares of BILI stock opened at $21.60 on Wednesday. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of -48.00 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. Bilibili has a fifty-two week low of $10.37 and a fifty-two week high of $31.77. The firm’s 50 day moving average price is $19.23 and its two-hundred day moving average price is $19.53.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, analysts anticipate that Bilibili will post 0.16 EPS for the current year.

About Bilibili

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.