Bilibili Inc. (NASDAQ:BILI) Short Interest Update

Bilibili Inc. (NASDAQ:BILI - Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 19,170,000 shares, an increase of 15.1% from the November 30th total of 16,660,000 shares. Based on an average daily volume of 8,250,000 shares, the days-to-cover ratio is currently 2.3 days.

Bilibili Price Performance

Shares of BILI traded down $0.44 during mid-day trading on Monday, hitting $18.40. 2,412,623 shares of the company's stock were exchanged, compared to its average volume of 6,996,878. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77. The company has a market cap of $7.62 billion, a PE ratio of -20.00 and a beta of 0.80. The company has a 50-day simple moving average of $20.17 and a 200 day simple moving average of $18.05.

Bilibili (NASDAQ:BILI - Get Free Report) last released its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the firm earned ($0.39) earnings per share. The firm's revenue for the quarter was up 25.8% compared to the same quarter last year. On average, analysts anticipate that Bilibili will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BILI shares. Daiwa America upgraded shares of Bilibili from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. Mizuho raised their price objective on Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Daiwa Capital Markets raised Bilibili from a "neutral" rating to a "buy" rating in a research note on Friday, November 8th. Bank of America increased their price target on Bilibili from $19.00 to $22.50 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Morgan Stanley initiated coverage on Bilibili in a report on Wednesday, September 25th. They set an "equal weight" rating and a $20.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Bilibili currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.69.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC grew its stake in Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company's stock valued at $228,000 after purchasing an additional 598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company's stock valued at $82,000 after buying an additional 735 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after buying an additional 891 shares in the last quarter. Creative Planning increased its holdings in Bilibili by 6.7% during the second quarter. Creative Planning now owns 25,819 shares of the company's stock worth $399,000 after buying an additional 1,632 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Bilibili by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company's stock worth $272,000 after buying an additional 1,650 shares during the last quarter. Institutional investors and hedge funds 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.

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