Short Interest in HUYA Inc. Sponsored ADR (NYSE:HUYA) Rises By 49.1%

HUYA Inc. Sponsored ADR (NYSE:HUYA) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,543,386 shares, an increase of 49.1% from the February 26th total of 3,046,905 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,065,962 shares, the short-interest ratio is currently 4.3 days.

Institutional Investors Weigh In On HUYA

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P boosted its stake in HUYA by 327.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after purchasing an additional 7,867 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after buying an additional 14,456 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of HUYA by 8.6% during the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after buying an additional 19,353 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in HUYA by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after buying an additional 41,138 shares during the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

HUYA Stock Down 3.7%

NYSE HUYA traded down $0.12 during trading on Friday, hitting $3.03. The company’s stock had a trading volume of 641,123 shares, compared to its average volume of 1,610,820. HUYA has a 52 week low of $2.21 and a 52 week high of $4.93. The firm has a market cap of $675.82 million, a P/E ratio of -50.41 and a beta of 0.89. The firm has a 50 day moving average price of $3.78 and a 200 day moving average price of $3.31.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Sunday, February 15th. The company reported ($0.01) EPS for the quarter. The business had revenue of $248.48 million for the quarter. HUYA had a positive return on equity of 0.50% and a negative net margin of 1.77%. On average, equities analysts expect that HUYA will post 0.16 earnings per share for the current year.

HUYA announced that its Board of Directors has approved a share repurchase program on Wednesday, March 18th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HUYA shares. Morgan Stanley set a $3.40 price objective on HUYA in a research note on Wednesday, February 25th. Zacks Research upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $3.45.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.