HUYA Inc. (NYSE:HUYA) Sees Significant Growth in Short Interest

HUYA Inc. (NYSE:HUYA - Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,510,000 shares, an increase of 50.3% from the February 13th total of 1,670,000 shares. Currently, 3.3% of the company's stock are short sold. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Two Sigma Securities LLC acquired a new stake in HUYA during the fourth quarter worth about $43,000. Seldon Capital LP bought a new stake in shares of HUYA during the third quarter valued at approximately $51,000. Smith Anglin Financial LLC raised its stake in shares of HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock valued at $56,000 after purchasing an additional 4,002 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in HUYA in the third quarter worth $61,000. Finally, XTX Topco Ltd acquired a new stake in HUYA during the third quarter worth $90,000. Institutional investors and hedge funds own 23.20% of the company's stock.

HUYA Price Performance

Shares of NYSE HUYA traded down $0.26 during trading hours on Wednesday, hitting $3.46. 14,210,892 shares of the company's stock were exchanged, compared to its average volume of 1,514,745. The company's 50-day moving average price is $3.70 and its 200-day moving average price is $3.68. HUYA has a 1-year low of $2.82 and a 1-year high of $6.84. The stock has a market capitalization of $782.12 million, a price-to-earnings ratio of -38.39 and a beta of 0.72.

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HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. On average, research analysts expect that HUYA will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.47 dividend. The ex-dividend date is Tuesday, June 17th. This represents a yield of 42.55%.

Analyst Upgrades and Downgrades

Separately, Daiwa Capital Markets lowered HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, HUYA presently has an average rating of "Hold" and a consensus price target of $5.68.

HUYA Company Profile

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.