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

DouYu International Holdings Limited (NASDAQ:DOYU) was the recipient of 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 company’s shares are sold short. Based on an average trading volume of 257,500 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On DouYu International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in DouYu International in the 2nd quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in DouYu International in the 3rd quarter valued at about $42,000. BNP Paribas Financial Markets acquired a new position in DouYu International during the 1st quarter valued at about $34,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 purchasing an additional 6,302 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of DouYu International during the third quarter valued at approximately $147,000. Institutional investors own 17.86% of the company’s stock.

DouYu International Stock Down 1.2 %

DouYu International stock opened at $10.42 on Friday. The company has a market capitalization of $329.49 million, a PE ratio of -17.36 and a beta of 0.95. DouYu International has a 12-month low of $6.29 and a 12-month high of $20.17. The firm’s fifty day moving average is $9.73 and its 200 day moving average is $12.22.

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

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.