Short Interest in DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Decreases By 14.9%

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On DouYu International

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in DouYu International by 28.2% during the 2nd quarter. Acadian Asset Management LLC now owns 507,513 shares of the company’s stock worth $3,278,000 after purchasing an additional 111,545 shares during the last quarter. Jane Street Group LLC bought a new position in DouYu International during the 1st quarter worth $508,000. GSA Capital Partners LLP acquired a new stake in shares of DouYu International during the third quarter worth $492,000. Sei Investments Co. boosted its position in shares of DouYu International by 342.9% in the second 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 period. Finally, Citadel Advisors LLC acquired a new position in shares of DouYu International in the third quarter valued at about $283,000. Institutional investors own 17.86% of the company’s stock.

DouYu International Trading Down 4.7%

DouYu International stock traded down $0.30 during mid-day trading on Tuesday, hitting $6.07. 42,317 shares of the company’s stock traded hands, compared to its average volume of 37,322. DouYu International has a fifty-two week low of $5.68 and a fifty-two week high of $16.99. The firm has a 50 day simple moving average of $6.85 and a two-hundred day simple moving average of $7.28.

DouYu International (NASDAQ:DOYU) last posted its earnings results on Thursday, November 20th. The company reported $0.11 earnings per share (EPS) for the quarter. DouYu International had a negative net margin of 4.74% and a negative return on equity of 1.57%. The company had revenue of $126.31 million during the quarter, compared to analysts’ expectations of $128.31 million.

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.