Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Short Interest Down 17.3% in March

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 14,370,299 shares, a drop of 17.3% from the February 26th total of 17,369,953 shares. Based on an average daily trading volume, of 3,575,672 shares, the short-interest ratio is presently 4.0 days. Approximately 4.4% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts have weighed in on BILI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Friday, March 27th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and upped their target price for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Bilibili Trading Up 1.6%

Shares of Bilibili stock traded up $0.37 during mid-day trading on Wednesday, hitting $22.93. 1,579,390 shares of the stock were exchanged, compared to its average volume of 2,864,534. The company has a 50-day simple moving average of $28.61 and a 200 day simple moving average of $27.77. The company has a current ratio of 1.36, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 60.33 and a beta of 0.75. Bilibili has a twelve month low of $14.47 and a twelve month high of $36.40.

Institutional Investors Weigh In On Bilibili

Several hedge funds have recently made changes to their positions in BILI. Royal Bank of Canada lifted its position in Bilibili by 1.2% during the first quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after buying an additional 1,014 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Bilibili by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock worth $2,224,000 after acquiring an additional 713 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Bilibili in the second quarter worth approximately $398,000. JPMorgan Chase & Co. grew its holdings in Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after purchasing an additional 1,081 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Bilibili by 19.0% in the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after purchasing an additional 1,005 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.