Bilibili Inc. (NASDAQ:BILI) Short Interest Down 21.3% in October

Bilibili Inc. (NASDAQ:BILI - Get Free Report) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 17,900,000 shares, a decline of 21.3% from the October 15th total of 22,750,000 shares. Based on an average trading volume of 7,850,000 shares, the days-to-cover ratio is currently 2.3 days.

Bilibili Trading Down 1.6 %

NASDAQ:BILI traded down $0.29 during trading hours on Friday, reaching $18.30. 7,601,631 shares of the company were exchanged, compared to its average volume of 7,222,349. The stock's 50-day moving average is $20.57 and its 200-day moving average is $16.95. Bilibili has a twelve month low of $8.80 and a twelve month high of $31.77. The firm has a market cap of $7.58 billion, a PE ratio of -13.66 and a beta of 0.86.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the previous year, the company earned ($0.43) EPS. The company's quarterly revenue was up 15.5% compared to the same quarter last year. As a group, research analysts anticipate that Bilibili will post -0.32 EPS for the current year.

Institutional Trading of Bilibili

Large investors have recently made changes to their positions in the company. SIH Partners LLLP increased its stake in shares of Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company's stock worth $18,457,000 after buying an additional 709,200 shares during the period. Natixis acquired a new position in Bilibili in the first quarter valued at approximately $537,000. Janney Montgomery Scott LLC acquired a new position in Bilibili in the first quarter valued at approximately $951,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Bilibili in the second quarter valued at approximately $7,799,000. Finally, Swedbank AB acquired a new position in Bilibili in the first quarter valued at approximately $645,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BILI has been the topic of several research analyst reports. Sanford C. Bernstein boosted their target price on shares of Bilibili from $12.00 to $13.00 and gave the stock a "market perform" rating in a research report on Friday, August 23rd. Nomura raised shares of Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 target price on the stock in a research report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Daiwa America raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. Finally, Barclays raised shares of Bilibili from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $19.24.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.