Short Interest in Bilibili Inc. (NASDAQ:BILI) Grows By 29.0%

Bilibili Inc. (NASDAQ:BILI) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 26,060,000 shares, a growth of 29.0% from the January 31st total of 20,200,000 shares. Based on an average daily volume of 6,630,000 shares, the days-to-cover ratio is currently 3.9 days.

Analyst Ratings Changes

BILI has been the subject of several recent analyst reports. Benchmark increased their price objective on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. Mizuho increased their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays boosted their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.33.

Bilibili Price Performance

Bilibili stock opened at $20.94 on Wednesday. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of -46.53 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. Bilibili has a 12 month low of $9.86 and a 12 month high of $31.77. The stock’s 50 day moving average is $18.43 and its 200-day moving average is $18.97.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. Equities research analysts expect that Bilibili will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently modified their holdings of BILI. First Beijing Investment Ltd raised its stake in Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after purchasing an additional 1,860,496 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Bilibili by 422.0% in the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after buying an additional 1,823,829 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Bilibili by 14,710.1% in the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock valued at $41,205,000 after buying an additional 1,750,500 shares during the period. Jennison Associates LLC boosted its stake in shares of Bilibili by 208.4% in the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after buying an additional 1,221,433 shares during the period. Finally, Jump Financial LLC acquired a new stake in Bilibili during the fourth quarter worth approximately $11,584,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.