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

HUYA Inc. Sponsored ADR (NYSE:HUYA) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 4,543,386 shares, an increase of 49.1% from the February 26th total of 3,046,905 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average trading volume of 1,065,962 shares, the short-interest ratio is currently 4.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P boosted its holdings 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 buying an additional 7,867 shares during the last quarter. 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after acquiring an additional 14,456 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in HUYA by 8.6% during the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after acquiring an additional 19,353 shares in the last quarter. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Stock Performance

HUYA stock traded down $0.12 during mid-day trading on Friday, reaching $3.03. The company’s stock had a trading volume of 641,123 shares, compared to its average volume of 1,585,191. HUYA has a 12 month low of $2.21 and a 12 month high of $4.93. The business’s 50 day simple moving average is $3.78 and its 200 day simple moving average is $3.31. The company has a market capitalization of $676.18 million, a price-to-earnings ratio of -50.41 and a beta of 0.89.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Sunday, February 15th. The company reported ($0.01) EPS for the quarter. The business had revenue of $248.48 million for the quarter. HUYA had a positive return on equity of 0.50% and a negative net margin of 1.77%. As a group, sell-side analysts expect that HUYA will post 0.16 EPS for the current year.

HUYA declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 18th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley set a $3.40 price target on HUYA in a research report on Wednesday, February 25th. Zacks Research upgraded HUYA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, HUYA has a consensus rating of “Buy” and an average target price of $3.45.

About HUYA

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.