HUYA Inc. (NYSE:HUYA) Sees Large Increase in Short Interest

HUYA Inc. (NYSE:HUYA) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 3,260,000 shares, an increase of 5.8% from the July 31st total of 3,080,000 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is presently 2.3 days.

Analyst Ratings Changes

HUYA has been the subject of several recent analyst reports. Morgan Stanley raised shares of HUYA from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. upgraded shares of HUYA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $3.00 to $9.00 in a research note on Monday, May 20th. Finally, Citigroup upgraded shares of HUYA from a “sell” rating to a “buy” rating and upped their target price for the company from $2.40 to $6.00 in a research note on Wednesday, August 14th.

HUYA Stock Performance

Shares of HUYA stock opened at $4.11 on Wednesday. HUYA has a 52-week low of $2.42 and a 52-week high of $6.84. The stock has a market cap of $957.96 million, a price-to-earnings ratio of -41.10 and a beta of 0.56. The firm has a fifty day moving average of $4.29 and a 200-day moving average of $4.44.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.35. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s quarterly revenue was down 16.1% compared to the same quarter last year. On average, sell-side analysts predict that HUYA will post 0.17 earnings per share for the current year.

HUYA Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be issued a $1.06 dividend. This is a positive change from HUYA’s previous — dividend of $0.64. The ex-dividend date is Wednesday, October 9th.

Institutional Investors Weigh In On HUYA

Several large investors have recently made changes to their positions in the company. Maple Rock Capital Partners Inc. grew its holdings in HUYA by 125.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after acquiring an additional 2,860,000 shares during the last quarter. Point72 Hong Kong Ltd grew its holdings in HUYA by 2,008.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company’s stock worth $16,660,000 after acquiring an additional 4,335,884 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd grew its holdings in HUYA by 1.9% during the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 4,505,355 shares of the company’s stock worth $20,499,000 after acquiring an additional 82,214 shares during the last quarter. Acadian Asset Management LLC grew its holdings in HUYA by 526.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after acquiring an additional 2,770,594 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in HUYA during the 2nd quarter worth about $5,197,000. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

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.