Short Interest in Bilibili Inc. (NASDAQ:BILI) Decreases By 15.1%

Bilibili Inc. (NASDAQ:BILI - Get Free Report) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 22,130,000 shares, a drop of 15.1% from the February 13th total of 26,060,000 shares. Based on an average trading volume of 7,050,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 6.9% of the shares of the stock are sold short.

Bilibili Trading Down 1.4 %

NASDAQ:BILI traded down $0.28 during trading hours on Friday, hitting $19.87. 4,634,520 shares of the stock were exchanged, compared to its average volume of 6,844,667. The company has a market capitalization of $8.23 billion, a P/E ratio of -44.16 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The company's 50 day moving average is $19.47 and its two-hundred day moving average is $19.62. Bilibili has a twelve month low of $10.37 and a twelve month high of $31.77.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly 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. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. On average, sell-side analysts anticipate that Bilibili will post 0.16 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

BILI has been the topic of several analyst reports. Benchmark upped their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Barclays lifted their target price on shares of Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.11.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BILI. Jennison Associates LLC lifted its holdings in Bilibili by 26.4% in the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock valued at $41,386,000 after buying an additional 477,740 shares during the period. BNP Paribas Financial Markets raised its position in shares of 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 acquiring an additional 1,823,829 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of 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 purchasing an additional 1,750,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 valued at $27,240,000 after purchasing an additional 209,963 shares during the period. Finally, Trexquant Investment LP boosted its position in shares of Bilibili by 9.3% in the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock worth $13,671,000 after purchasing an additional 63,960 shares during the last quarter. Institutional investors own 16.08% of the company's stock.

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.