DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Sees Significant Drop in Short Interest

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 116,420 shares, a drop of 18.6% from the January 29th total of 142,954 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 50,795 shares, the days-to-cover ratio is presently 2.3 days. Based on an average trading volume of 50,795 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.5% of the shares of the stock are short sold.

DouYu International Trading Down 3.6%

DOYU stock opened at $5.15 on Thursday. The firm has a 50-day moving average of $6.18 and a two-hundred day moving average of $6.89. DouYu International has a 12 month low of $4.28 and a 12 month high of $9.93. The company has a market cap of $155.43 million, a price-to-earnings ratio of -5.85 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of DouYu International in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DouYu International presently has a consensus rating of “Reduce” and a consensus price target of $7.00.

Hedge Funds Weigh In On DouYu International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOYU. New York State Common Retirement Fund purchased a new stake in DouYu International in the 4th quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of DouYu International during the 3rd quarter valued at about $43,000. BNP Paribas Financial Markets grew its holdings in shares of DouYu International by 41.5% in the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after purchasing an additional 3,749 shares during the period. Athos Capital Ltd increased its position in DouYu International by 8.2% during the third quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock worth $162,000 after purchasing an additional 1,638 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in DouYu International during the third quarter worth about $283,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

DouYu International Company Profile

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.