DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Up 54.2% in October

DouYu International Holdings Limited (NASDAQ:DOYU) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 849,400 shares, a growth of 54.2% from the October 15th total of 550,700 shares. Based on an average daily volume of 257,500 shares, the short-interest ratio is currently 3.3 days. Currently, 2.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

DOYU has been the subject of several research reports. HSBC lowered DouYu International from a “hold” rating to a “reduce” rating in a research note on Tuesday, September 24th. Hsbc Global Res lowered shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th.

DouYu International Stock Down 0.5 %

Shares of DouYu International stock traded down $0.05 during mid-day trading on Thursday, hitting $10.54. The stock had a trading volume of 67,770 shares, compared to its average volume of 194,169. The firm has a market cap of $333.49 million, a P/E ratio of -17.65 and a beta of 0.95. DouYu International has a 12-month low of $6.29 and a 12-month high of $20.17. The firm has a 50-day moving average of $9.67 and a two-hundred day moving average of $12.21.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Thursday, September 12th. The company reported ($0.20) earnings per share for the quarter. DouYu International had a negative net margin of 2.63% and a negative return on equity of 0.97%. The company had revenue of $142.01 million for the quarter.

Institutional Trading of DouYu International

Several hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in DouYu International by 57.7% during the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company’s stock worth $20,139,000 after purchasing an additional 680,659 shares during the period. BRIGHT VALLEY CAPITAL Ltd raised its holdings in DouYu International by 42.0% in the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock valued at $4,079,000 after acquiring an additional 109,768 shares in the last quarter. Polunin Capital Partners Ltd acquired a new stake in DouYu International in the second quarter valued at approximately $3,526,000. Dimensional Fund Advisors LP lifted its stake in DouYu International by 46.0% in the second quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock worth $1,761,000 after acquiring an additional 50,531 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in DouYu International by 88.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company’s stock worth $145,000 after acquiring an additional 6,302 shares in the last quarter. 17.86% of the stock is currently owned by institutional investors and hedge funds.

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.