Bilibili Inc. (NASDAQ:BILI) Short Interest Update

Bilibili Inc. (NASDAQ:BILI) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 22,490,000 shares, a growth of 18.5% from the August 15th total of 18,980,000 shares. Based on an average daily volume of 6,420,000 shares, the days-to-cover ratio is currently 3.5 days.

Bilibili Price Performance

NASDAQ:BILI opened at $13.67 on Tuesday. Bilibili has a one year low of $8.23 and a one year high of $29.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $5.62 billion, a PE ratio of -7.16 and a beta of 1.11. The stock has a 50 day moving average price of $15.84 and a 200 day moving average price of $17.95.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, August 17th. The company reported ($2.33) EPS for the quarter, beating the consensus estimate of ($2.52) by $0.19. Bilibili had a negative return on equity of 37.46% and a negative net margin of 24.04%. The firm had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter last year, the firm earned ($0.85) earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts expect that Bilibili will post -1.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Middle East FZE acquired a new stake in shares of Bilibili in the second quarter valued at approximately $25,000. PNC Financial Services Group Inc. increased its stake in Bilibili by 382.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after acquiring an additional 814 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in Bilibili by 100.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 50,000 shares of the company’s stock worth $58,000 after acquiring an additional 25,000 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in Bilibili during the fourth quarter worth $62,000. Finally, Newbridge Financial Services Group Inc. increased its stake in Bilibili by 1,026.0% during the first quarter. Newbridge Financial Services Group Inc. now owns 2,815 shares of the company’s stock worth $66,000 after acquiring an additional 2,565 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays lowered their price target on Bilibili from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, August 18th. JPMorgan Chase & Co. downgraded Bilibili from an “overweight” rating to an “underweight” rating and set a $13.00 price target on the stock. in a research report on Wednesday, July 26th. Citigroup lowered their price target on Bilibili from $24.00 to $22.00 in a research report on Friday, August 18th. Bank of America lowered their price target on Bilibili from $24.00 to $22.00 in a research report on Friday, August 18th. Finally, Benchmark reissued a “buy” rating and set a $35.00 target price on shares of Bilibili in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Bilibili currently has a consensus rating of “Hold” and a consensus price target of $20.56.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.