Short Interest in HUYA Inc. Sponsored ADR (NYSE:HUYA) Rises By 35.1%

HUYA Inc. Sponsored ADR (NYSE:HUYA) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 3,031,743 shares, an increase of 35.1% from the January 29th total of 2,244,166 shares. Based on an average daily volume of 2,299,167 shares, the short-interest ratio is presently 1.3 days. Approximately 1.4% of the company’s stock are sold short. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 2,299,167 shares, the short-interest ratio is presently 1.3 days.

HUYA Trading Down 3.5%

Shares of HUYA traded down $0.13 on Monday, reaching $3.60. The company’s stock had a trading volume of 772,737 shares, compared to its average volume of 2,647,451. HUYA has a twelve month low of $2.21 and a twelve month high of $4.93. The stock has a market capitalization of $804.26 million, a PE ratio of -40.00 and a beta of 0.87. The firm has a fifty day moving average of $3.73 and a 200-day moving average of $3.33.

Wall Street Analyst Weigh In

HUYA has been the subject of several research reports. HSBC upgraded HUYA from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a report on Monday, December 29th. Finally, Morgan Stanley set a $3.40 price objective on HUYA in a report on Wednesday, February 25th. One investment 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 stock. Based on data from MarketBeat, HUYA has a consensus rating of “Hold” and an average price target of $3.45.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in 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 buying an additional 41,138 shares during the last quarter. Public Employees Retirement System of Ohio boosted 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 acquiring an additional 19,353 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of HUYA by 10.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after acquiring an additional 14,456 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in shares of HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after purchasing an additional 7,867 shares during the last quarter. 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.