HUYA Inc. Sponsored ADR (NYSE:HUYA) Short Interest Update

HUYA Inc. Sponsored ADR (NYSE:HUYA) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 5,125,145 shares, a growth of 24.4% from the March 31st total of 4,121,473 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 806,557 shares, the short-interest ratio is currently 6.4 days.

HUYA Stock Up 1.8%

NYSE HUYA traded up $0.06 during trading hours on Friday, hitting $3.20. 280,831 shares of the company were exchanged, compared to its average volume of 612,877. HUYA has a 52 week low of $2.21 and a 52 week high of $4.93. The stock has a 50-day moving average price of $3.32 and a 200 day moving average price of $3.29. The stock has a market cap of $714.18 million, a PE ratio of -53.24 and a beta of 0.94.

HUYA (NYSE:HUYA) last announced its earnings results on Sunday, February 15th. The company reported ($0.01) EPS for the quarter. The company had revenue of $248.48 million during 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 anticipate that HUYA will post 0.14 earnings per share for the current year.

HUYA announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 18th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of HUYA

Several institutional investors and hedge funds have recently made changes to their positions in HUYA. SG Americas Securities LLC raised its holdings in shares of HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after acquiring an additional 41,138 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in HUYA by 8.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after purchasing an additional 19,353 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of HUYA by 10.3% in the 1st 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 in the last quarter. 23.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HUYA has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of HUYA in a report on Monday. Morgan Stanley set a $3.40 target price on shares of HUYA in a report on Wednesday, February 25th. Finally, Zacks Research cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.