DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Up 21.1% in October

DouYu International Holdings Limited (NASDAQ:DOYU) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 550,700 shares, an increase of 21.1% from the September 30th total of 454,800 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 285,400 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DOYU shares. Hsbc Global Res cut shares of DouYu International from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 24th. HSBC cut shares of DouYu International from a “hold” rating to a “reduce” rating in a report on Tuesday, September 24th.

Institutional Trading of DouYu International

A number of institutional investors and hedge funds have recently modified their holdings of DOYU. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of DouYu International during the first quarter worth about $3,750,000. Polunin Capital Partners Ltd purchased a new stake in shares of DouYu International during the second quarter worth about $3,526,000. BRIGHT VALLEY CAPITAL Ltd increased its stake in shares of DouYu International by 42.0% during the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock worth $4,079,000 after purchasing an additional 109,768 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 50,531 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of DouYu International during the first quarter worth about $34,000. Hedge funds and other institutional investors own 17.86% of the company’s stock.

DouYu International Trading Down 2.0 %

DOYU traded down $0.23 on Wednesday, reaching $11.06. The stock had a trading volume of 147,199 shares, compared to its average volume of 198,131. DouYu International has a 12-month low of $6.29 and a 12-month high of $20.17. The business’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $12.03. The company has a market cap of $349.89 million, a P/E ratio of -18.43 and a beta of 0.95.

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

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.