Short Interest in Bilibili Inc. (NASDAQ:BILI) Drops By 14.2%

Bilibili Inc. (NASDAQ:BILI) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 18,980,000 shares, a decrease of 14.2% from the February 28th total of 22,130,000 shares. Based on an average trading volume of 6,550,000 shares, the short-interest ratio is currently 2.9 days. Currently, 5.9% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays raised their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark lifted their price objective on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.11.

Bilibili Stock Up 1.8 %

Shares of BILI opened at $19.33 on Thursday. The firm has a market cap of $8.01 billion, a P/E ratio of -42.96 and a beta of 0.95. Bilibili has a 12 month low of $10.79 and a 12 month high of $31.77. The stock’s 50 day moving average is $19.88 and its two-hundred day moving average is $19.85. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23.

Bilibili (NASDAQ:BILI) last released 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. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. Analysts predict that Bilibili will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

A number of institutional investors and hedge funds have recently modified their holdings of BILI. Two Sigma Advisers LP lifted its stake in Bilibili by 14,710.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock valued at $41,205,000 after buying an additional 1,750,500 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Bilibili during the fourth quarter valued at approximately $11,584,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company’s stock valued at $11,020,000 after acquiring an additional 590,763 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Bilibili by 26.4% in the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock worth $41,386,000 after acquiring an additional 477,740 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Bilibili during the fourth quarter worth approximately $4,186,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

About Bilibili

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.