HUYA Inc. Sponsored ADR (NYSE:HUYA) Sees Large Increase in Short Interest

HUYA Inc. Sponsored ADR (NYSE:HUYA) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,244,166 shares, a growth of 33.7% from the January 15th total of 1,678,840 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 4,350,222 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 4,350,222 shares, the short-interest ratio is currently 0.5 days. Approximately 1.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages have commented on HUYA. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a report on Monday, December 29th. HSBC raised shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.50.

HUYA Stock Performance

NYSE:HUYA traded up $0.16 on Friday, hitting $4.29. 1,829,275 shares of the stock were exchanged, compared to its average volume of 3,233,231. HUYA has a 52 week low of $2.21 and a 52 week high of $4.93. The stock has a market capitalization of $957.29 million, a price-to-earnings ratio of -47.61 and a beta of 0.87. The company’s 50-day moving average price is $3.57 and its 200 day moving average price is $3.29.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The company had revenue of $215.93 million during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the company earned $0.34 EPS. HUYA’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts predict that HUYA will post 0.16 earnings per share for the current year.

Institutional Trading of HUYA

Several institutional investors and hedge funds have recently made changes to their positions in the business. Loomis Sayles & Co. L P lifted its stake in shares of HUYA by 327.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after purchasing an additional 7,867 shares during the period. SG Americas Securities LLC grew its stake in shares of HUYA by 92.1% during the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after purchasing an additional 41,138 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in HUYA by 10.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after purchasing an additional 14,456 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after buying an additional 19,353 shares during the period. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.