HUYA Inc. (NYSE:HUYA) Sees Significant Growth in Short Interest

HUYA Inc. (NYSE:HUYA) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 3,130,000 shares, an increase of 126.8% from the November 15th total of 1,380,000 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is presently 1.7 days.

HUYA Stock Down 1.0 %

HUYA stock opened at $3.12 on Friday. The stock has a market capitalization of $727.22 million, a PE ratio of -34.67 and a beta of 0.60. HUYA has a 52 week low of $2.89 and a 52 week high of $6.84. The firm has a 50 day moving average of $3.48 and a 200 day moving average of $4.08.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, equities research analysts expect that HUYA will post 0.16 earnings per share for the current year.

Institutional Trading of HUYA

Several large investors have recently added to or reduced their stakes in HUYA. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of HUYA by 160.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company’s stock valued at $1,158,000 after acquiring an additional 180,600 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of HUYA by 162.4% during the 2nd quarter. Mackenzie Financial Corp now owns 171,584 shares of the company’s stock valued at $678,000 after buying an additional 106,182 shares during the last quarter. Millennium Management LLC acquired a new position in shares of HUYA in the 2nd quarter valued at about $5,197,000. Caxton Associates LP boosted its stake in shares of HUYA by 407.5% in the second quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock worth $1,627,000 after buying an additional 330,659 shares during the last quarter. Finally, Polunin Capital Partners Ltd acquired a new stake in HUYA during the second quarter worth about $5,166,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HUYA shares. Citigroup reduced their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 14th. HSBC reissued a “hold” rating and set a $4.70 target price on shares of HUYA in a research report on Friday, October 11th. Bank of America lowered shares of HUYA from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.80 to $4.00 in a report on Wednesday, November 6th. Finally, Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HUYA presently has a consensus rating of “Hold” and a consensus price target of $5.68.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.