HUYA Inc. (NYSE:HUYA) Short Interest Down 27.6% in August

HUYA Inc. (NYSE:HUYA) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,090,000 shares, a decline of 27.6% from the August 15th total of 4,270,000 shares. Based on an average trading volume of 1,740,000 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On HUYA

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUYA. Acadian Asset Management LLC acquired a new position in HUYA during the 1st quarter worth approximately $548,000. BlackRock Inc. increased its position in HUYA by 2.0% during the 1st quarter. BlackRock Inc. now owns 2,467,829 shares of the company’s stock worth $11,032,000 after purchasing an additional 49,340 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of HUYA by 34.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,044,871 shares of the company’s stock worth $4,678,000 after acquiring an additional 269,312 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of HUYA by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 2,864,118 shares of the company’s stock worth $12,803,000 after acquiring an additional 70,296 shares in the last quarter. Finally, Twenty Acre Capital LP purchased a new stake in shares of HUYA during the 1st quarter worth approximately $4,177,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

HUYA Stock Performance

HUYA stock traded up $0.04 during trading on Monday, hitting $2.51. The company had a trading volume of 346,663 shares, compared to its average volume of 1,622,610. HUYA has a 1-year low of $1.64 and a 1-year high of $6.49. The firm has a 50-day moving average price of $2.85 and a 200-day moving average price of $3.24.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, August 15th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. HUYA had a negative return on equity of 2.58% and a negative net margin of 4.92%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was down 19.9% on a year-over-year basis. As a group, equities research analysts forecast that HUYA will post -0.05 EPS for the current year.

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.