DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Sees Large Drop in Short Interest

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 166,782 shares, a drop of 22.1% from the December 15th total of 214,111 shares. Based on an average trading volume of 44,748 shares, the short-interest ratio is currently 3.7 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 44,748 shares, the short-interest ratio is currently 3.7 days.

DouYu International Price Performance

DOYU traded up $0.03 during midday trading on Friday, reaching $6.80. 29,492 shares of the company’s stock were exchanged, compared to its average volume of 37,517. DouYu International has a 1-year low of $5.68 and a 1-year high of $16.99. The stock has a market capitalization of $205.22 million, a PE ratio of -7.73 and a beta of 0.74. The business’s 50-day moving average price is $6.91 and its 200 day moving average price is $7.35.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.11 EPS for the quarter. DouYu International had a negative net margin of 4.74% and a negative return on equity of 1.57%. The business had revenue of $126.31 million for the quarter, compared to analyst estimates of $128.31 million.

Hedge Funds Weigh In On DouYu International

A number of institutional investors have recently made changes to their positions in DOYU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of DouYu International by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock valued at $408,000 after acquiring an additional 5,144 shares during the last quarter. Jane Street Group LLC purchased a new position in DouYu International in the 1st quarter valued at about $508,000. Acadian Asset Management LLC boosted its stake in shares of DouYu International by 28.2% during the 2nd quarter. Acadian Asset Management LLC now owns 507,513 shares of the company’s stock worth $3,278,000 after purchasing an additional 111,545 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd grew its holdings in shares of DouYu International by 0.8% during the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,107,389 shares of the company’s stock worth $7,176,000 after buying an additional 8,901 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of DouYu International by 19.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company’s stock valued at $606,000 after buying an additional 15,128 shares during the last quarter. 17.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of DouYu International in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $7.00.

About DouYu International

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.