Bilibili Inc. (NASDAQ:BILI) Short Interest Update

Bilibili Inc. (NASDAQ:BILI) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 22,130,000 shares, a drop of 15.1% from the February 13th total of 26,060,000 shares. Based on an average daily volume of 7,050,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 6.9% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Bilibili Stock Performance

BILI stock opened at $20.15 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The business has a 50-day moving average price of $19.39 and a 200 day moving average price of $19.54. The company has a market capitalization of $8.35 billion, a P/E ratio of -44.78 and a beta of 0.93. Bilibili has a 1-year low of $10.37 and a 1-year high of $31.77.

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

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd raised its holdings in shares of Bilibili by 1,064.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock valued at $4,449,000 after acquiring an additional 173,941 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Bilibili by 31.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock valued at $30,258,000 after purchasing an additional 311,073 shares during the last quarter. Jennison Associates LLC grew its stake in Bilibili by 208.4% in the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after purchasing an additional 1,221,433 shares during the last quarter. Quantbot Technologies LP purchased a new position in Bilibili in the third quarter valued at about $921,000. Finally, Matthews International Capital Management LLC grew its stake in Bilibili by 11.3% in the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock valued at $6,364,000 after purchasing an additional 35,692 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Company Profile

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.