Short Interest in DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Drops By 14.9%

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 141,879 shares, a drop of 14.9% from the December 31st total of 166,782 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 36,607 shares, the days-to-cover ratio is presently 3.9 days. Based on an average daily volume of 36,607 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.6% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of DouYu International in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $7.00.

DouYu International Price Performance

DOYU stock traded down $0.12 during midday trading on Wednesday, reaching $5.96. 56,322 shares of the company were exchanged, compared to its average volume of 40,570. The firm has a market capitalization of $179.72 million, a price-to-earnings ratio of -6.77 and a beta of 0.78. The business has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $7.27. DouYu International has a one year low of $5.68 and a one year high of $16.99.

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

Institutional Trading of DouYu International

Several hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in DouYu International in the 3rd quarter valued at $43,000. BNP Paribas Financial Markets lifted its holdings in shares of DouYu International by 41.5% during the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock worth $83,000 after buying an additional 3,749 shares in the last quarter. Athos Capital Ltd boosted its position in shares of DouYu International by 8.2% in the third quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock valued at $162,000 after acquiring an additional 1,638 shares during the period. Citadel Advisors LLC acquired a new position in shares of DouYu International in the third quarter valued at about $283,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in DouYu International by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after acquiring an additional 5,144 shares during the period. 17.86% of the stock is owned by institutional investors and hedge funds.

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.