Short Interest in Bilibili Inc. (NASDAQ:BILI) Decreases By 21.3%

Bilibili Inc. (NASDAQ:BILI) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 17,900,000 shares, a decrease 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 presently 2.3 days.

Bilibili Price Performance

Shares of BILI stock traded down $0.26 during mid-day trading on Friday, hitting $18.33. 2,573,714 shares of the stock traded hands, compared to its average volume of 7,199,646. The stock has a market cap of $7.60 billion, a P/E ratio of -13.87 and a beta of 0.86. The stock’s fifty day moving average is $20.50 and its two-hundred day moving average is $16.94. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77.

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

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Beijing Investment Ltd increased its stake in Bilibili by 96.2% during the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after purchasing an additional 1,860,496 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Bilibili by 422.0% during the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after buying an additional 1,823,829 shares during the last quarter. Quarry LP acquired a new position in shares of Bilibili in the 2nd quarter valued at $29,336,000. Jennison Associates LLC raised its stake in Bilibili by 208.4% in the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock worth $42,260,000 after acquiring an additional 1,221,433 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in Bilibili during the 1st quarter worth about $14,849,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Mizuho increased their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday. Morgan Stanley assumed coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective on the stock. Finally, Sanford C. Bernstein raised their price objective on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.