Short Interest in HUYA Inc. Sponsored ADR (NYSE:HUYA) Drops By 43.3%

HUYA Inc. Sponsored ADR (NYSE:HUYA) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,332,478 shares, a decline of 43.3% from the August 15th total of 4,111,110 shares. Based on an average trading volume of 1,882,150 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.0% of the shares of the company are sold short.

Hedge Funds Weigh In On HUYA

An institutional investor recently bought a new stake in HUYA stock. AXQ Capital LP purchased a new stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,773 shares of the company’s stock, valued at approximately $101,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Trading Up 2.2%

HUYA stock opened at $2.08 on Tuesday. HUYA has a 1-year low of $2.02 and a 1-year high of $4.93. The firm has a market capitalization of $476.15 million, a PE ratio of -34.74 and a beta of 0.88. The firm’s 50 day simple moving average is $2.30 and its 200 day simple moving average is $2.72.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.02 EPS for the quarter. The firm had revenue of $256.01 million during the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. Research analysts forecast that HUYA will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings cut HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of HUYA in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded HUYA from a “hold” rating to a “sell” rating in a research note on Sunday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3.45.

HUYA Company Profile

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.