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

Bilibili Inc. (NASDAQ:BILI - Get Free Report) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 26,060,000 shares, a growth of 29.0% from the January 31st total of 20,200,000 shares. Based on an average daily trading volume, of 6,630,000 shares, the days-to-cover ratio is presently 3.9 days.

Bilibili Price Performance

Bilibili stock traded up $1.82 during midday trading on Friday, hitting $24.10. The company's stock had a trading volume of 10,945,968 shares, compared to its average volume of 7,031,528. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The stock's 50-day moving average price is $18.65 and its 200-day moving average price is $19.12. Bilibili has a 12 month low of $10.37 and a 12 month high of $31.77. The company has a market capitalization of $9.99 billion, a PE ratio of -53.56 and a beta of 0.93.

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

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Wall Street Analyst Weigh In

BILI has been the topic of a number of recent research reports. Barclays raised their target price on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Mizuho lifted their price objective on shares of Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Benchmark lifted their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $20.33.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in Bilibili in the 4th quarter worth about $2,689,000. Vise Technologies Inc. purchased a new position in Bilibili in the 4th quarter worth about $329,000. Vident Advisory LLC increased its stake in Bilibili by 15.1% in the 4th quarter. Vident Advisory LLC now owns 17,226 shares of the company's stock worth $312,000 after purchasing an additional 2,263 shares in the last quarter. Quantinno Capital Management LP grew its stake in Bilibili by 37.1% during the 4th quarter. Quantinno Capital Management LP now owns 32,296 shares of the company's stock valued at $585,000 after acquiring an additional 8,739 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in Bilibili during the 4th quarter valued at about $272,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

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.