HUYA Inc. (NYSE:HUYA) Short Interest Update

Posted by on Aug 2nd, 2022

HUYA Inc. (NYSE:HUYA – Get Rating) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 3,070,000 shares, a growth of 25.3% from the June 30th total of 2,450,000 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is currently 2.1 days. Currently, 3.8% of the shares of the company are short sold.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Daiwa Capital Markets dropped their price objective on HUYA from $5.70 to $4.60 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. Citigroup decreased their target price on HUYA from $6.80 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Finally, HSBC downgraded HUYA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.96.

HUYA Trading Down 3.0 %

NYSE HUYA opened at $3.20 on Tuesday. The stock’s 50 day moving average is $3.92 and its two-hundred day moving average is $4.61. The company has a market capitalization of $761.82 million, a price-to-earnings ratio of 12.80 and a beta of 0.61. HUYA has a 1-year low of $3.04 and a 1-year high of $13.15.

HUYA (NYSE:HUYA – Get Rating) last released its quarterly earnings data on Tuesday, May 17th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.21. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. HUYA had a return on equity of 3.61% and a net margin of 3.46%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. On average, analysts predict that HUYA will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Profund Advisors LLC bought a new position in shares of HUYA in the second quarter valued at approximately $52,000. National Bank of Canada FI bought a new position in shares of HUYA in the fourth quarter valued at approximately $63,000. Allspring Global Investments Holdings LLC bought a new position in shares of HUYA in the fourth quarter valued at approximately $100,000. Royal Bank of Canada raised its stake in shares of HUYA by 8,607.6% in the first quarter. Royal Bank of Canada now owns 24,120 shares of the company’s stock valued at $108,000 after acquiring an additional 23,843 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of HUYA by 73.9% in the second quarter. SG Americas Securities LLC now owns 43,341 shares of the company’s stock valued at $168,000 after acquiring an additional 18,423 shares during the last quarter. Institutional investors own 25.32% of the company’s stock.

HUYA Company Profile

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HUYA Inc, through 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, online theatre, and other genres.

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