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

Bilibili Inc. (NASDAQ:BILI - Get Free Report) was the target 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 short-interest ratio is currently 3.9 days.

Hedge Funds Weigh In On Bilibili

Several hedge funds have recently bought and sold shares of BILI. First Beijing Investment Ltd lifted its position in shares of Bilibili by 96.2% during the third 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 during the last quarter. Jennison Associates LLC increased its stake in Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock worth $41,386,000 after buying an additional 477,740 shares during the period. BNP Paribas Financial Markets lifted its holdings in Bilibili by 422.0% during the 3rd 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 position in Bilibili by 14,710.1% in the 3rd 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. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Bilibili by 16.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after acquiring an additional 209,963 shares in the last quarter. Institutional investors own 16.08% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

BILI has been the topic of several research reports. Mizuho lifted their target price on Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Barclays lifted their price objective on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Benchmark increased their target price on Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Daiwa America upgraded shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $20.33.

Bilibili Trading Up 8.2 %

Shares of BILI stock traded up $1.82 during trading hours on Friday, reaching $24.10. 10,945,968 shares of the stock were exchanged, compared to its average volume of 7,041,020. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of -53.56 and a beta of 0.93. Bilibili has a 12-month low of $10.37 and a 12-month high of $31.77. The company's 50-day moving average price is $18.65 and its 200-day moving average price is $19.08. 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 (NASDAQ:BILI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. As a group, equities analysts anticipate that Bilibili will post 0.16 earnings per share for the current year.

Bilibili Company Profile

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.