DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Update

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

DouYu International Stock Up 7.3 %

Shares of NASDAQ:DOYU traded up $0.64 during midday trading on Monday, reaching $9.43. 326,875 shares of the company traded hands, 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’s fifty day moving average price is $12.38 and its two-hundred day moving average price is $11.20. The firm has a market capitalization of $298.33 million, a price-to-earnings ratio of -10.72 and a beta of 1.00.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.18) by $1.87. The firm 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 firm also recently announced a — dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were given a dividend of $9.94 per share. This is a boost from DouYu International’s previous — dividend of $9.71. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Trading of DouYu International

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd raised its position in shares of DouYu International by 29.7% during the 4th quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company’s stock valued at $8,011,000 after buying an additional 163,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in DouYu International by 8.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company’s stock valued at $555,000 after purchasing an additional 3,815 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd lifted its stake in DouYu International by 22.6% during the fourth quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock worth $17,667,000 after purchasing an additional 290,767 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of DouYu International by 113.5% in the 4th quarter. Bank of America Corp DE now owns 85,743 shares of the company’s stock worth $961,000 after purchasing an additional 45,573 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of DouYu International during the 4th quarter valued at about $821,000. Hedge funds and other institutional investors own 17.86% of the company’s stock.

Analyst Ratings Changes

Separately, HSBC upgraded shares of DouYu International from a “reduce” rating to a “hold” rating in a research note on Monday.

DouYu International Company Profile

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.