Short Interest in HUYA Inc. (NYSE:HUYA) Drops By 27.3%

HUYA Inc. (NYSE:HUYA) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,340,000 shares, a decline of 27.3% from the March 15th total of 3,220,000 shares. Based on an average daily trading volume, of 2,170,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.1% of the shares of the company are short sold.

Hedge Funds Weigh In On HUYA

Several hedge funds have recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new stake in HUYA during the fourth quarter worth about $43,000. Smith Anglin Financial LLC lifted its holdings in HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after buying an additional 4,002 shares in the last quarter. XTX Topco Ltd purchased a new position in HUYA in the 3rd quarter valued at approximately $90,000. Sei Investments Co. acquired a new position in shares of HUYA in the fourth quarter worth $94,000. Finally, Jump Financial LLC purchased a new stake in shares of HUYA during the fourth quarter worth $129,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on HUYA shares. Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 18th. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HUYA presently has an average rating of “Hold” and a consensus target price of $5.68.

HUYA Stock Performance

HUYA opened at $3.34 on Friday. The business’s 50 day moving average price is $3.61 and its 200 day moving average price is $3.52. The stock has a market capitalization of $754.95 million, a PE ratio of -37.06 and a beta of 0.73. HUYA has a one year low of $2.82 and a one year high of $6.84.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities research analysts forecast that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.47 dividend. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s payout ratio is presently -4,766.67%.

About HUYA

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.