Short Interest in DouYu International Holdings Limited (NASDAQ:DOYU) Rises By 31.1%

DouYu International Holdings Limited (NASDAQ:DOYU - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 577,300 shares, a growth of 31.1% from the March 15th total of 440,200 shares. Based on an average daily volume of 277,500 shares, the short-interest ratio is currently 2.1 days. Approximately 1.8% of the company's stock are sold short.

DouYu International Stock Up 2.8 %

NASDAQ:DOYU traded up $0.18 during trading hours on Wednesday, reaching $6.68. 48,286 shares of the company's stock were exchanged, compared to its average volume of 231,412. The firm has a market capitalization of $211.33 million, a price-to-earnings ratio of -7.59 and a beta of 0.90. DouYu International has a 1-year low of $5.68 and a 1-year high of $20.17. The company has a 50-day moving average of $8.08 and a 200 day moving average of $10.54.

DouYu International (NASDAQ:DOYU - Get Free Report) last announced its earnings results on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($2.18) by $1.87. The company had revenue of $155.65 million for the quarter, compared to the consensus estimate of $1.05 billion. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOYU. HSBC upgraded shares of DouYu International from a "reduce" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup upgraded DouYu International from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $5.90 to $10.50 in a research report on Tuesday, March 18th. Finally, Hsbc Global Res raised DouYu International from a "moderate sell" rating to a "hold" rating in a research report on Monday, March 17th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in DouYu International by 8.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company's stock worth $555,000 after acquiring an additional 3,815 shares in the last quarter. Advisors Preferred LLC acquired a new position in DouYu International during the fourth quarter worth about $51,000. Headlands Technologies LLC increased its stake in DouYu International by 3,409.1% in the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock valued at $78,000 after purchasing an additional 6,750 shares in the last quarter. Jump Financial LLC acquired a new position in shares of DouYu International during the 4th quarter worth $114,000. Finally, State Street Corp raised its position in DouYu International by 78.0% during the third quarter. State Street Corp now owns 29,528 shares of the company's stock worth $320,000 after acquiring an additional 12,940 shares during the last quarter. 17.86% of the stock is owned by hedge funds and other institutional investors.

About DouYu International

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.