DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Update

DouYu International Holdings Limited (NASDAQ:DOYU) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 630,900 shares, a growth of 37.6% from the February 13th total of 458,400 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 224,100 shares, the days-to-cover ratio is currently 2.8 days.

DouYu International Stock Up 10.4 %

DouYu International stock traded up $0.83 during trading hours on Friday, hitting $8.79. The stock had a trading volume of 656,131 shares, compared to its average volume of 225,450. The stock has a market cap of $278.08 million, a price-to-earnings ratio of -9.99 and a beta of 1.00. DouYu International has a one year low of $6.29 and a one year high of $20.17. The business’s 50 day simple moving average is $12.38 and its 200-day simple moving average is $11.24.

DouYu International (NASDAQ:DOYU) last posted its earnings results on Friday, March 14th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($2.18) by $1.87. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The firm had revenue of $155.65 million during the quarter, compared to the consensus estimate of $1.05 billion.

DouYu International Increases Dividend

The business also recently announced a — dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were issued a $9.94 dividend. The ex-dividend date was Friday, February 21st. This is a positive change from DouYu International’s previous — dividend of $9.71.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in DouYu International during the third quarter worth $42,000. Advisors Preferred LLC bought a new position in DouYu International during the 4th quarter valued at approximately $51,000. Headlands Technologies LLC raised its position in DouYu International by 3,409.1% during the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company’s stock valued at $78,000 after purchasing an additional 6,750 shares during the last quarter. Jump Financial LLC purchased a new position in shares of DouYu International during the 4th quarter worth approximately $114,000. Finally, BNP Paribas Financial Markets grew its stake in shares of DouYu International by 61.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock worth $137,000 after buying an additional 4,800 shares during the last quarter. Institutional investors own 17.86% of the company’s stock.

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.