DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Short Interest Down 22.1% in December

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 166,782 shares, a drop of 22.1% from the December 15th total of 214,111 shares. Based on an average trading volume of 44,748 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 44,748 shares, the days-to-cover ratio is currently 3.7 days.

DouYu International Stock Performance

Shares of NASDAQ:DOYU traded down $0.24 during midday trading on Tuesday, reaching $6.56. The company had a trading volume of 17,980 shares, compared to its average volume of 34,769. The company has a fifty day simple moving average of $6.91 and a two-hundred day simple moving average of $7.35. The firm has a market cap of $197.98 million, a price-to-earnings ratio of -7.45 and a beta of 0.74. DouYu International has a 1-year low of $5.68 and a 1-year high of $16.99.

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

Institutional Trading of DouYu International

Several large investors have recently added to or reduced their stakes in the business. Athos Capital Ltd increased its holdings in shares of DouYu International by 8.2% during the 3rd quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock valued at $162,000 after acquiring an additional 1,638 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in DouYu International by 2.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,000 shares of the company’s stock worth $526,000 after purchasing an additional 1,801 shares during the period. BNP Paribas Financial Markets grew its holdings in DouYu International by 41.5% during the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after purchasing an additional 3,749 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of DouYu International in the third quarter valued at approximately $43,000. Finally, BRIGHT VALLEY CAPITAL Ltd lifted its stake in shares of DouYu International by 0.8% in the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,107,389 shares of the company’s stock worth $7,176,000 after buying an additional 8,901 shares during the last quarter. 17.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of DouYu International in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $7.00.

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.