Bilibili Inc. (NASDAQ:BILI) Sees Large Decrease in Short Interest

Bilibili Inc. (NASDAQ:BILI - Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 18,980,000 shares, a decline of 14.2% from the February 28th total of 22,130,000 shares. Approximately 5.9% of the company's stock are short sold. Based on an average daily volume of 6,550,000 shares, the days-to-cover ratio is currently 2.9 days.

Hedge Funds Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. Avior Wealth Management LLC grew its holdings in shares of Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock valued at $27,000 after purchasing an additional 1,436 shares in the last quarter. TD Private Client Wealth LLC bought a new position in Bilibili during the third quarter valued at $53,000. Federated Hermes Inc. purchased a new position in shares of Bilibili in the 4th quarter worth $55,000. Blue Trust Inc. increased its holdings in shares of Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock worth $58,000 after buying an additional 1,896 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Bilibili by 26.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company's stock valued at $82,000 after buying an additional 735 shares in the last quarter. 16.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BILI. Nomura Securities downgraded Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Benchmark upped their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Barclays boosted their price target on shares of Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.11.

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Bilibili Price Performance

BILI traded down $1.27 during trading on Monday, reaching $15.28. 7,441,750 shares of the company traded hands, compared to its average volume of 6,874,013. The company has a market cap of $6.33 billion, a P/E ratio of -33.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili has a 12-month low of $10.84 and a 12-month high of $31.77. The firm has a fifty day simple moving average of $19.92 and a 200 day simple moving average of $19.93.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. On average, equities analysts forecast that Bilibili will post 0.16 EPS for the current year.

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.