DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Sees Significant Decrease in Short Interest

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 116,420 shares, a decline of 18.6% from the January 29th total of 142,954 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 50,795 shares, the days-to-cover ratio is currently 2.3 days. Based on an average trading volume of 50,795 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.5% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DouYu International in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DouYu International currently has a consensus rating of “Reduce” and a consensus target price of $7.00.

Institutional Investors Weigh In On DouYu International

Several institutional investors have recently added to or reduced their stakes in DOYU. Dimensional Fund Advisors LP increased its holdings in DouYu International by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 162,659 shares of the company’s stock valued at $1,106,000 after purchasing an additional 15,589 shares during the period. New York State Common Retirement Fund bought a new stake in shares of DouYu International in the 4th quarter worth approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DouYu International by 2.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,000 shares of the company’s stock worth $526,000 after purchasing an additional 1,801 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of DouYu International during the 3rd quarter valued at $283,000. Finally, Bank of America Corp DE raised its position in DouYu International by 9.7% in the third quarter. Bank of America Corp DE now owns 140,241 shares of the company’s stock worth $1,055,000 after acquiring an additional 12,453 shares during the period. Hedge funds and other institutional investors own 17.86% of the company’s stock.

DouYu International Trading Down 2.5%

NASDAQ:DOYU traded down $0.14 during trading hours on Tuesday, hitting $5.47. 13,641 shares of the company were exchanged, compared to its average volume of 50,628. The company has a fifty day simple moving average of $6.25 and a 200 day simple moving average of $6.92. DouYu International has a one year low of $4.28 and a one year high of $9.93. The stock has a market capitalization of $165.08 million, a price-to-earnings ratio of -6.22 and a beta of 0.78.

About DouYu International

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.