Short Interest in DouYu International Holdings Limited (NASDAQ:DOYU) Rises By 37.6%

DouYu International Holdings Limited (NASDAQ:DOYU - Get Free Report) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 630,900 shares, an increase of 37.6% from the February 13th total of 458,400 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 224,100 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On DouYu International

A number of large investors have recently added to or reduced their stakes in DOYU. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of DouYu International in the third quarter worth $42,000. Advisors Preferred LLC bought a new position in DouYu International in the 4th quarter worth $51,000. Headlands Technologies LLC lifted its position in DouYu International by 3,409.1% during the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock worth $78,000 after acquiring an additional 6,750 shares during the last quarter. Jump Financial LLC acquired a new position in DouYu International during the 4th quarter worth $114,000. Finally, BNP Paribas Financial Markets lifted its position in DouYu International by 61.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company's stock worth $137,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors own 17.86% of the company's stock.

DouYu International Trading Down 5.7 %

NASDAQ DOYU traded down $0.48 during trading on Thursday, reaching $7.97. The company's stock had a trading volume of 194,504 shares, compared to its average volume of 228,872. The business has a 50-day moving average price of $12.26 and a 200-day moving average price of $11.04. DouYu International has a 1-year low of $6.29 and a 1-year high of $20.17. The stock has a market capitalization of $252.14 million, a PE ratio of -9.06 and a beta of 1.00.

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DouYu International (NASDAQ:DOYU - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.18) by $1.87. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%. The firm had revenue of $155.65 million during the quarter, compared to analysts' expectations of $1.05 billion.

DouYu International Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were paid a $9.94 dividend. This is an increase from DouYu International's previous -- dividend of $9.71. The ex-dividend date was Friday, February 21st.

Analyst Ratings Changes

Several research firms have recently weighed in on DOYU. Citigroup raised DouYu International from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $5.90 to $10.50 in a research note on Tuesday. HSBC upgraded DouYu International from a "reduce" rating to a "hold" rating in a research report on Monday. Finally, Hsbc Global Res upgraded shares of DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.