DouYu International Holdings Limited (NASDAQ:DOYU) Sees Significant Decrease in Short Interest

DouYu International Holdings Limited (NASDAQ:DOYU - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 440,200 shares, a decline of 30.2% from the February 28th total of 630,900 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 260,600 shares, the days-to-cover ratio is presently 1.7 days.

DouYu International Stock Down 3.2 %

DOYU stock traded down $0.23 during midday trading on Thursday, reaching $7.02. The stock had a trading volume of 152,846 shares, compared to its average volume of 275,451. DouYu International has a twelve month low of $6.45 and a twelve month high of $20.17. The firm has a market cap of $222.08 million, a price-to-earnings ratio of -7.98 and a beta of 1.00. The business has a fifty day simple moving average of $11.12 and a two-hundred day simple moving average of $10.90.

DouYu International (NASDAQ:DOYU - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates of ($2.18) by $1.87. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%. The business had revenue of $155.65 million during the quarter, compared to the consensus estimate of $1.05 billion.

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DouYu International Increases Dividend

The business also recently declared a -- dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were paid a $9.94 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from DouYu International's previous -- dividend of $9.71.

Institutional Investors Weigh In On DouYu International

A number of institutional investors have recently made changes to their positions in DOYU. Point72 Hong Kong Ltd lifted its stake in DouYu International by 29.7% in the fourth quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company's stock valued at $8,011,000 after buying an additional 163,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DouYu International by 8.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company's stock valued at $555,000 after acquiring an additional 3,815 shares during the period. BRIGHT VALLEY CAPITAL Ltd boosted its stake in DouYu International by 22.6% during the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company's stock worth $17,667,000 after acquiring an additional 290,767 shares during the last quarter. Bank of America Corp DE grew its holdings in DouYu International by 113.5% during the fourth quarter. Bank of America Corp DE now owns 85,743 shares of the company's stock valued at $961,000 after purchasing an additional 45,573 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in DouYu International in the fourth quarter valued at approximately $821,000. 17.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOYU has been the subject of several research reports. HSBC upgraded shares of DouYu International from a "reduce" rating to a "hold" rating in a research report on Monday, March 17th. Citigroup raised shares of DouYu International from a "sell" rating to a "neutral" rating and raised their price target for the company from $5.90 to $10.50 in a report on Tuesday, March 18th. Finally, Hsbc Global Res upgraded shares of DouYu International from a "moderate sell" rating to a "hold" rating in a research report on Monday, March 17th.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.