Short Interest in DouYu International Holdings Limited (NASDAQ:DOYU) Declines By 30.2%

DouYu International Holdings Limited (NASDAQ:DOYU) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 440,200 shares, a decline of 30.2% from the February 28th total of 630,900 shares. Based on an average daily trading volume, of 260,600 shares, the short-interest ratio is presently 1.7 days. Currently, 1.4% of the shares of the company are sold short.

Institutional Investors Weigh In On DouYu International

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in DouYu International during the third quarter worth $42,000. Advisors Preferred LLC purchased a new stake in shares of DouYu International during the 4th quarter worth about $51,000. Headlands Technologies LLC boosted its stake in shares of DouYu International by 3,409.1% during the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company’s stock worth $78,000 after acquiring an additional 6,750 shares in the last quarter. Jump Financial LLC purchased a new position in shares of DouYu International in the 4th quarter valued at about $114,000. Finally, BNP Paribas Financial Markets raised its holdings in DouYu International by 61.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock worth $137,000 after purchasing an additional 4,800 shares during the period. Institutional investors and hedge funds own 17.86% of the company’s stock.

DouYu International Stock Performance

Shares of DouYu International stock traded down $0.49 during trading on Friday, hitting $7.58. 133,875 shares of the company’s stock were exchanged, compared to its average volume of 230,544. The stock has a market capitalization of $239.80 million, a price-to-earnings ratio of -8.61 and a beta of 1.00. The business has a 50-day simple moving average of $11.62 and a 200-day simple moving average of $10.92. DouYu International has a 52-week low of $6.45 and a 52-week high of $20.17.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.18) by $1.87. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The business had revenue of $155.65 million during the quarter, compared to analyst estimates of $1.05 billion.

DouYu International Increases Dividend

The business also recently declared a — dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were issued a $9.94 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from DouYu International’s previous — dividend of $9.71.

Wall Street Analyst Weigh In

DOYU has been the topic of several research reports. Hsbc Global Res raised DouYu International from a “moderate sell” rating to a “hold” rating in a research report on Monday, March 17th. Citigroup raised DouYu International from a “sell” rating to a “neutral” rating and increased their price objective for the company from $5.90 to $10.50 in a report on Tuesday, March 18th. Finally, HSBC raised DouYu International from a “reduce” rating to a “hold” rating in a report on Monday, March 17th.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.