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

HUYA Inc. Sponsored ADR (NYSE:HUYA) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,332,478 shares, a decrease of 43.3% from the August 15th total of 4,111,110 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,882,150 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of HUYA

A hedge fund recently bought a new position in HUYA stock. AXQ Capital LP acquired a new stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 43,773 shares of the company’s stock, valued at approximately $101,000. 23.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup restated a “buy” rating on shares of HUYA in a report on Wednesday, August 12th. Weiss Ratings cut shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of HUYA from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, HUYA has an average rating of “Moderate Buy” and an average price target of $3.45.

HUYA Trading Down 0.7%

Shares of HUYA traded down $0.01 during mid-day trading on Wednesday, reaching $2.06. The company’s stock had a trading volume of 1,086,438 shares, compared to its average volume of 1,509,287. HUYA has a 1-year low of $2.02 and a 1-year high of $4.93. The business has a 50-day simple moving average of $2.29 and a two-hundred day simple moving average of $2.70. The stock has a market cap of $469.30 million, a P/E ratio of -34.24 and a beta of 0.88.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share for the quarter. HUYA had a positive return on equity of 0.20% and a negative net margin of 1.59%.The business had revenue of $256.01 million for the quarter. Research analysts anticipate that HUYA will post 0.14 EPS for the current year.

About HUYA

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.