HUYA Inc. (NYSE:HUYA - Get Free Report) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,670,000 shares, a decline of 15.2% from the January 31st total of 1,970,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 1.4 days. Currently, 2.2% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Separately, Citigroup lowered their target price on shares of HUYA from $5.90 to $5.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, HUYA currently has an average rating of "Hold" and an average price target of $5.68.
Read Our Latest Stock Report on HUYA
Institutional Trading of HUYA
A number of institutional investors have recently added to or reduced their stakes in the stock. WCM Investment Management LLC boosted its holdings in HUYA by 4,396.5% during the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock worth $8,505,000 after buying an additional 2,790,696 shares in the last quarter. FMR LLC boosted its holdings in HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company's stock worth $12,199,000 after buying an additional 1,681,800 shares in the last quarter. Bank of America Corp DE boosted its holdings in HUYA by 19.7% during the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company's stock worth $3,057,000 after buying an additional 164,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in HUYA by 66.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company's stock worth $2,328,000 after buying an additional 302,988 shares in the last quarter. Finally, Monolith Management Ltd purchased a new stake in HUYA during the fourth quarter worth about $2,144,000. Hedge funds and other institutional investors own 23.20% of the company's stock.
HUYA Stock Performance
HUYA stock traded down $0.05 during trading on Friday, reaching $4.07. 1,467,889 shares of the company were exchanged, compared to its average volume of 1,331,108. The company has a market cap of $920.20 million, a P/E ratio of -45.17 and a beta of 0.72. HUYA has a 52-week low of $2.82 and a 52-week high of $6.84. The stock's 50 day moving average price is $3.53 and its 200 day moving average price is $3.69.
About HUYA
(
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HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.
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