HUYA Inc. Sponsored ADR (NYSE:HUYA) Sees Large Increase in Short Interest

HUYA Inc. Sponsored ADR (NYSE:HUYA) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,940,738 shares, a growth of 24.1% from the November 30th total of 1,563,597 shares. Based on an average daily trading volume, of 1,249,359 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the company’s shares are short sold. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 1,249,359 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Zacks Research raised HUYA to a “hold” rating in a research report on Monday, September 8th. Hsbc Global Res upgraded HUYA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. HSBC upgraded HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, HUYA has a consensus rating of “Hold” and a consensus target price of $3.50.

HUYA Price Performance

NYSE HUYA traded down $0.02 during mid-day trading on Wednesday, reaching $2.89. The stock had a trading volume of 777,305 shares, compared to its average volume of 1,686,546. The company has a fifty day moving average price of $2.88 and a 200 day moving average price of $3.16. HUYA has a 1 year low of $2.21 and a 1 year high of $4.59. The stock has a market cap of $644.53 million, a PE ratio of -32.05 and a beta of 0.78.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. HUYA had a positive return on equity of 0.73% and a negative net margin of 2.63%.The firm had revenue of $215.93 million during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts expect that HUYA will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P grew its holdings in HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after buying an additional 7,867 shares in the last quarter. Vident Advisory LLC grew its stake in HUYA by 39.5% during the first quarter. Vident Advisory LLC now owns 17,624 shares of the company’s stock valued at $57,000 after acquiring an additional 4,993 shares in the last quarter. Nuveen LLC bought a new stake in HUYA in the 1st quarter valued at $220,000. SG Americas Securities LLC lifted its stake in HUYA by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after purchasing an additional 41,138 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in HUYA in the 1st quarter worth approximately $325,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.