Short Interest in HUYA Inc. (NYSE:HUYA) Declines By 27.3%

HUYA Inc. (NYSE:HUYA - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,340,000 shares, a drop of 27.3% from the March 15th total of 3,220,000 shares. Based on an average daily trading volume, of 2,170,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 3.1% of the shares of the stock are short sold.

HUYA Stock Up 2.7 %

Shares of HUYA traded up $0.09 on Wednesday, hitting $3.46. 703,283 shares of the stock traded hands, compared to its average volume of 1,688,984. HUYA has a 1 year low of $2.82 and a 1 year high of $6.84. The stock's 50 day moving average is $3.58 and its two-hundred day moving average is $3.46. The firm has a market capitalization of $783.25 million, a P/E ratio of -38.44 and a beta of 0.73.

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

HUYA Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 42.55%. HUYA's dividend payout ratio is currently -4,766.67%.

Wall Street Analyst Weigh In

A number of research firms have commented on HUYA. Daiwa Capital Markets downgraded HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America downgraded HUYA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.68.

Institutional Investors Weigh In On HUYA

Several large investors have recently made changes to their positions in HUYA. Public Employees Retirement System of Ohio grew its position in HUYA by 2.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock valued at $439,000 after acquiring an additional 3,545 shares in the last quarter. Smith Anglin Financial LLC lifted its stake in HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock worth $56,000 after purchasing an additional 4,002 shares during the last quarter. Formidable Asset Management LLC boosted its holdings in shares of HUYA by 7.2% in the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock valued at $332,000 after buying an additional 7,300 shares during the period. Wellington Management Group LLP grew its holdings in shares of HUYA by 11.9% during the third quarter. Wellington Management Group LLP now owns 103,852 shares of the company's stock valued at $530,000 after purchasing an additional 11,054 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in HUYA by 27.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock worth $195,000 after buying an additional 13,544 shares during the last quarter. Institutional investors and hedge funds own 23.20% of the company's stock.

About HUYA

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.