Short Interest in HUYA Inc. (NYSE:HUYA) Rises By 126.8%

HUYA Inc. (NYSE:HUYA) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 3,130,000 shares, a growth of 126.8% from the November 15th total of 1,380,000 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 1.7 days.

HUYA Stock Down 0.3 %

HUYA traded down $0.01 during midday trading on Thursday, hitting $3.15. The company had a trading volume of 619,491 shares, compared to its average volume of 1,550,533. The stock’s 50 day moving average price is $3.60 and its 200 day moving average price is $4.10. HUYA has a 52 week low of $2.89 and a 52 week high of $6.84. The company has a market capitalization of $734.21 million, a price-to-earnings ratio of -35.22 and a beta of 0.60.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts predict that HUYA will post 0.16 EPS for the current year.

Hedge Funds Weigh In On HUYA

Several hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of HUYA during the 3rd quarter worth approximately $711,000. Main Management ETF Advisors LLC bought a new position in HUYA during the third quarter valued at $1,017,000. XTX Topco Ltd purchased a new position in shares of HUYA in the 3rd quarter worth $90,000. Wellington Management Group LLP increased its holdings in shares of HUYA by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock worth $530,000 after buying an additional 11,054 shares during the last quarter. Finally, Athos Capital Ltd raised its position in shares of HUYA by 9.5% during the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock valued at $649,000 after buying an additional 11,000 shares in the last quarter. 23.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HUYA. Bank of America cut HUYA from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $5.80 to $4.00 in a report on Wednesday, November 6th. HSBC restated a “hold” rating and set a $4.70 price objective on shares of HUYA in a report on Friday, October 11th. Hsbc Global Res lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Citigroup reduced their price target on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.68.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.