Short Interest in DouYu International Holdings Limited (NASDAQ:DOYU) Rises By 37.6%

DouYu International Holdings Limited (NASDAQ:DOYU) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 630,900 shares, an increase of 37.6% from the February 13th total of 458,400 shares. Based on an average trading volume of 224,100 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.0% of the company’s shares are sold short.

Institutional Trading of DouYu International

Several large investors have recently modified their holdings of the business. FMR LLC grew its position in shares of DouYu International by 57.7% in the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company’s stock worth $20,139,000 after buying an additional 680,659 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in DouYu International in the third quarter worth $5,968,000. BRIGHT VALLEY CAPITAL Ltd increased its position 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 valued at $17,667,000 after purchasing an additional 290,767 shares during the period. Russell Investments Group Ltd. bought a new position in DouYu International in the 4th quarter worth $2,429,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of DouYu International in the 3rd quarter worth about $1,762,000. 17.86% of the stock is owned by institutional investors.

DouYu International Stock Performance

DOYU traded up $0.64 on Monday, hitting $9.43. 326,875 shares of the company were exchanged, compared to its average volume of 225,891. DouYu International has a 12 month low of $6.29 and a 12 month high of $20.17. The firm has a fifty day simple moving average of $12.38 and a two-hundred day simple moving average of $11.20. The stock has a market capitalization of $298.33 million, a PE ratio of -10.72 and a beta of 1.00.

DouYu International (NASDAQ:DOYU) last issued its earnings results on Friday, March 14th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($2.18) by $1.87. The company had revenue of $155.65 million for the quarter, compared to the consensus estimate of $1.05 billion. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%.

DouYu International Increases Dividend

The company also recently announced a — dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were issued a dividend of $9.94 per share. This is a positive change from DouYu International’s previous — dividend of $9.71. The ex-dividend date of this dividend was Friday, February 21st.

Analysts Set New Price Targets

Separately, HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating in a report on Monday.

About DouYu International

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.