HUYA Inc. Sponsored ADR (NYSE:HUYA) Sees Significant Decline in Short Interest

HUYA Inc. Sponsored ADR (NYSE:HUYA) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 2,332,478 shares, a decrease of 43.3% from the August 15th total of 4,111,110 shares. Based on an average daily volume of 1,882,150 shares, the short-interest ratio is currently 1.2 days. Approximately 1.0% of the shares of the stock are short sold.

HUYA Price Performance

Shares of HUYA traded down $0.01 during mid-day trading on Thursday, hitting $2.06. 833,267 shares of the company’s stock were exchanged, compared to its average volume of 1,422,086. The company has a market cap of $469.30 million, a PE ratio of -34.24 and a beta of 0.88. HUYA has a 52 week low of $2.02 and a 52 week high of $4.93. The company has a 50-day simple moving average of $2.29 and a 200 day simple moving average of $2.70.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $256.01 million for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. On average, analysts anticipate that HUYA will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

An institutional investor recently bought a new position in HUYA stock. Public Employees Retirement System of Ohio purchased a new stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 190,599 shares of the company’s stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned approximately 0.09% of HUYA as of its most recent SEC filing. 23.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HUYA shares. Weiss Ratings downgraded HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of HUYA in a research note on Wednesday, August 12th. Finally, Wall Street Zen cut shares of HUYA from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, HUYA currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.45.

HUYA Company Profile

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.