DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Short Interest Down 22.1% in December

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 166,782 shares, a decrease of 22.1% from the December 15th total of 214,111 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 44,748 shares, the days-to-cover ratio is presently 3.7 days. Based on an average daily trading volume, of 44,748 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.7% of the company’s stock are short sold.

DouYu International Trading Up 0.4%

NASDAQ:DOYU traded up $0.03 on Monday, reaching $6.80. 29,492 shares of the stock traded hands, compared to its average volume of 37,517. The company’s fifty day simple moving average is $6.91 and its 200 day simple moving average is $7.35. The company has a market capitalization of $205.22 million, a price-to-earnings ratio of -7.73 and a beta of 0.74. DouYu International has a 12 month low of $5.68 and a 12 month high of $16.99.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings data on Thursday, November 20th. The company reported $0.11 earnings per share for the quarter. DouYu International had a negative net margin of 4.74% and a negative return on equity of 1.57%. The company had revenue of $126.31 million during the quarter, compared to analyst estimates of $128.31 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of DouYu International in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.00.

Institutional Trading of DouYu International

A number of institutional investors have recently made changes to their positions in DOYU. Mirae Asset Global Investments Co. Ltd. bought a new position in DouYu International during the third quarter valued at approximately $43,000. BNP Paribas Financial Markets raised its stake in DouYu International by 41.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after buying an additional 3,749 shares during the last quarter. Athos Capital Ltd raised its stake in DouYu International by 8.2% during the 3rd quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock valued at $162,000 after buying an additional 1,638 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of DouYu International during the 3rd quarter valued at $283,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of DouYu International by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after buying an additional 5,144 shares during the last quarter. Hedge funds and other institutional investors own 17.86% of the company’s stock.

About DouYu International

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.