DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Update

DouYu International Holdings Limited (NASDAQ:DOYU) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 577,300 shares, a growth of 31.1% from the March 15th total of 440,200 shares. Based on an average daily volume of 277,500 shares, the short-interest ratio is currently 2.1 days. Approximately 1.8% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. HSBC upgraded shares of DouYu International from a “reduce” 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 boosted their target price for the company from $5.90 to $10.50 in a research note on Tuesday, March 18th. Finally, Hsbc Global Res upgraded DouYu International from a “moderate sell” rating to a “hold” rating in a research report on Monday, March 17th.

Hedge Funds Weigh In On DouYu International

Several large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd increased its position in DouYu International by 29.7% during the 4th quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company’s stock valued at $8,011,000 after buying an additional 163,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of DouYu International by 8.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company’s stock worth $555,000 after acquiring an additional 3,815 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd increased its holdings in shares of DouYu International by 22.6% during the fourth quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock valued at $17,667,000 after acquiring an additional 290,767 shares in the last quarter. Bank of America Corp DE raised its position in shares of DouYu International by 113.5% in the 4th quarter. Bank of America Corp DE now owns 85,743 shares of the company’s stock worth $961,000 after purchasing an additional 45,573 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in DouYu International in the 4th quarter worth about $821,000. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

DouYu International Trading Down 1.1 %

DOYU stock opened at $6.31 on Monday. The stock has a market capitalization of $199.62 million, a price-to-earnings ratio of -7.17 and a beta of 0.90. The firm’s 50-day moving average price is $8.44 and its two-hundred day moving average price is $10.60. DouYu International has a 12-month low of $5.68 and a 12-month high of $20.17.

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

DouYu International Increases Dividend

The firm also recently disclosed 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 a boost from DouYu International’s previous — dividend of $9.71.

About DouYu International

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.