HUYA Inc. Sponsored ADR (NYSE:HUYA) Sees Large Growth in Short Interest

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. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily volume of 806,557 shares, the days-to-cover ratio is currently 6.4 days.

Analyst Ratings Changes

HUYA has been the topic of a number of recent analyst reports. Zacks Research downgraded HUYA from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Morgan Stanley set a $3.40 price target on HUYA in a research report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a research note on Monday. 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’s stock. According to MarketBeat.com, HUYA has an average rating of “Hold” and a consensus target price of $3.45.

HUYA Stock Performance

Shares of NYSE HUYA traded up $0.06 during midday trading on Friday, reaching $3.20. 280,831 shares of the stock were exchanged, compared to its average volume of 612,877. The company has a 50 day simple moving average of $3.32 and a 200 day simple moving average of $3.29. The stock has a market capitalization of $714.18 million, a P/E ratio of -53.24 and a beta of 0.94. HUYA has a twelve month low of $2.21 and a twelve month high of $4.93.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Sunday, February 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts expect that HUYA will post 0.14 earnings per share for the current year.

HUYA announced that its Board of Directors has initiated a share buyback program on Wednesday, March 18th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of HUYA

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of HUYA by 92.1% during the 3rd 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. increased its holdings in 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 during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in HUYA by 8.6% in 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 last quarter. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Company Profile

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.