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

Bilibili Inc. (NASDAQ:BILI) saw a significant decrease in short interest in 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. Approximately 5.9% of the company’s stock are sold short. Based on an average trading volume of 6,550,000 shares, the days-to-cover ratio is presently 2.9 days.

Bilibili Stock Up 1.8 %

Shares of BILI stock opened at $19.33 on Thursday. The stock’s fifty day moving average price is $19.88 and its 200 day moving average price is $19.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. Bilibili has a 1-year low of $10.79 and a 1-year high of $31.77. The company has a market cap of $8.01 billion, a price-to-earnings ratio of -42.96 and a beta of 0.95.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, research analysts expect that Bilibili will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Benchmark raised their target price on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Barclays upped their target price on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and a consensus price target of $21.11.

Institutional Investors Weigh In On Bilibili

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC increased its position in shares of Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock valued at $41,386,000 after acquiring an additional 477,740 shares during the period. Two Sigma Advisers LP grew its stake in Bilibili by 14,710.1% during the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock valued at $41,205,000 after purchasing an additional 1,750,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Bilibili by 16.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company’s stock valued at $27,240,000 after purchasing an additional 209,963 shares during the period. Trexquant Investment LP increased its holdings in shares of Bilibili by 9.3% in the fourth quarter. Trexquant Investment LP now owns 754,875 shares of the company’s stock valued at $13,671,000 after purchasing an additional 63,960 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Bilibili in the fourth quarter worth about $11,584,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.