DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Down 30.2% in March

DouYu International Holdings Limited (NASDAQ:DOYU) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 440,200 shares, a decline of 30.2% from the February 28th total of 630,900 shares. Based on an average daily trading volume, of 260,600 shares, the short-interest ratio is presently 1.7 days. Approximately 1.4% of the shares of the stock are short sold.

DouYu International Stock Performance

Shares of NASDAQ DOYU traded down $0.12 during midday trading on Monday, reaching $7.46. 75,042 shares of the stock were exchanged, compared to its average volume of 229,932. DouYu International has a twelve month low of $6.45 and a twelve month high of $20.17. The stock has a market capitalization of $235.97 million, a P/E ratio of -8.53 and a beta of 1.00. The company has a 50 day simple moving average of $11.62 and a 200 day simple moving average of $10.93.

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

DouYu International Increases Dividend

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

Hedge Funds Weigh In On DouYu International

Several institutional investors have recently bought and sold shares of DOYU. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of DouYu International during the third quarter worth about $42,000. Advisors Preferred LLC purchased a new stake in shares of DouYu International in the fourth quarter valued at about $51,000. Headlands Technologies LLC raised its stake 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 acquiring an additional 6,750 shares during the last quarter. Jump Financial LLC acquired a new position in DouYu International in the 4th quarter valued at $114,000. Finally, BNP Paribas Financial Markets increased its stake in shares of DouYu International by 61.4% during the third quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock worth $137,000 after acquiring an additional 4,800 shares during the period. 17.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DOYU shares. HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating in a research report on Monday, March 17th. Hsbc Global Res upgraded DouYu International from a “moderate sell” rating to a “hold” rating in a report on Monday, March 17th. Finally, Citigroup upgraded shares of DouYu International from a “sell” rating to a “neutral” rating and increased their target price for the company from $5.90 to $10.50 in a research report on Tuesday, March 18th.

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.