Short Interest in JOYY Inc. (NASDAQ:YY) Rises By 25.7%

JOYY Inc. (NASDAQ:YY) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 1,420,000 shares, an increase of 25.7% from the January 31st total of 1,130,000 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 555,200 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of JOYY by 1.3% during the 3rd quarter. Barclays PLC now owns 20,543 shares of the information services provider’s stock worth $744,000 after buying an additional 270 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of JOYY by 1.7% during the 3rd quarter. Natixis Advisors LLC now owns 21,208 shares of the information services provider’s stock worth $769,000 after buying an additional 352 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of JOYY by 71.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock worth $45,000 after buying an additional 447 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of JOYY by 63.0% during the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider’s stock worth $55,000 after buying an additional 510 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of JOYY during the 4th quarter worth $25,000. 36.83% of the stock is currently owned by institutional investors and hedge funds.

JOYY Stock Performance

Shares of YY opened at $49.52 on Thursday. The stock has a fifty day moving average of $44.32 and a two-hundred day moving average of $38.97. The company has a market capitalization of $2.67 billion, a PE ratio of 14.96 and a beta of 0.28. JOYY has a fifty-two week low of $27.88 and a fifty-two week high of $55.31.

Analyst Ratings Changes

YY has been the topic of a number of recent research reports. Benchmark raised JOYY from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. StockNews.com lowered JOYY from a “buy” rating to a “hold” rating in a research note on Thursday.

About JOYY

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.