DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Short Interest Update

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 141,879 shares, a decline of 14.9% from the December 31st total of 166,782 shares. Based on an average daily volume of 36,607 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 36,607 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Investors Weigh In On DouYu International

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position 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 valued at $3,278,000 after purchasing an additional 111,545 shares during the period. Jane Street Group LLC acquired a new position in DouYu International during the first quarter worth about $508,000. GSA Capital Partners LLP bought a new stake in DouYu International in the third quarter worth about $492,000. Sei Investments Co. lifted its holdings in DouYu International by 342.9% in the 2nd quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock valued at $500,000 after acquiring an additional 59,761 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of DouYu International during the 3rd quarter valued at about $283,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.

DouYu International Price Performance

Shares of DOYU stock opened at $6.37 on Monday. DouYu International has a 12-month low of $5.68 and a 12-month high of $16.99. The firm has a market capitalization of $192.25 million, a price-to-earnings ratio of -7.24 and a beta of 0.78. The business has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $7.29.

DouYu International (NASDAQ:DOYU) last posted its quarterly earnings data on Thursday, November 20th. The company reported $0.11 earnings per share 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 during the quarter, compared to the consensus estimate of $128.31 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of DouYu International in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, DouYu International has an average rating of “Reduce” and an average target price of $7.00.

DouYu International Company Profile

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.