Bilibili Inc. (NASDAQ:BILI) Short Interest Up 18.5% in August

Bilibili Inc. (NASDAQ:BILI) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 22,490,000 shares, a growth of 18.5% from the August 15th total of 18,980,000 shares. Based on an average daily volume of 6,420,000 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Trading of Bilibili

A number of institutional investors have recently bought and sold shares of the company. First Beijing Investment Ltd bought a new stake in shares of Bilibili during the 2nd quarter valued at about $29,929,000. GTS Securities LLC acquired a new position in Bilibili in the second quarter valued at approximately $614,000. XTX Topco Ltd bought a new position in shares of Bilibili during the 2nd quarter worth approximately $228,000. Point72 Middle East FZE bought a new position in shares of Bilibili during the 2nd quarter worth approximately $25,000. Finally, HighVista Strategies LLC grew its position in shares of Bilibili by 439.4% during the 2nd quarter. HighVista Strategies LLC now owns 80,857 shares of the company’s stock worth $1,221,000 after buying an additional 65,867 shares during the period. Institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 0.9 %

Shares of BILI stock opened at $13.80 on Friday. Bilibili has a 1-year low of $8.23 and a 1-year high of $29.46. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of -7.23 and a beta of 1.11. The stock has a 50-day moving average of $15.86 and a 200-day moving average of $18.02.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, August 17th. The company reported ($2.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.52) by $0.19. Bilibili had a negative net margin of 24.04% and a negative return on equity of 37.46%. The firm had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the company earned ($0.85) EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Bilibili will post -1.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. HSBC dropped their target price on shares of Bilibili from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Tuesday, July 25th. Barclays lowered their price objective on shares of Bilibili from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, August 18th. Citigroup reduced their target price on Bilibili from $24.00 to $22.00 in a report on Friday, August 18th. Bank of America decreased their price target on Bilibili from $24.00 to $22.00 in a research note on Friday, August 18th. Finally, JPMorgan Chase & Co. downgraded Bilibili from an “overweight” rating to an “underweight” rating and set a $13.00 price objective for the company. in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.56.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.