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

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 116,420 shares, a drop of 18.6% from the January 29th total of 142,954 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 50,795 shares, the short-interest ratio is presently 2.3 days. Based on an average daily volume of 50,795 shares, the short-interest ratio is presently 2.3 days. Currently, 0.5% of the shares of the company are sold short.

DouYu International Price Performance

Shares of NASDAQ DOYU traded down $0.22 on Wednesday, hitting $5.12. The company’s stock had a trading volume of 20,339 shares, compared to its average volume of 50,489. The stock has a 50 day moving average of $6.22 and a 200-day moving average of $6.90. The company has a market capitalization of $154.52 million, a price-to-earnings ratio of -5.82 and a beta of 0.80. DouYu International has a 12-month low of $4.28 and a 12-month high of $9.93.

Hedge Funds Weigh In On DouYu International

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of DouYu International by 10.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock valued at $408,000 after acquiring an additional 5,144 shares in the last quarter. Jane Street Group LLC acquired a new position in DouYu International in the 1st quarter valued at about $508,000. Acadian Asset Management LLC lifted its holdings in DouYu International by 28.2% in 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 in the last quarter. BRIGHT VALLEY CAPITAL Ltd boosted its stake in shares of DouYu International by 0.8% during the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,107,389 shares of the company’s stock worth $7,176,000 after purchasing an additional 8,901 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of DouYu International by 19.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company’s stock worth $606,000 after buying an additional 15,128 shares in the last quarter. 17.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of DouYu International in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $7.00.

About DouYu International

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.