Short Interest in DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) Decreases By 18.6%

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On DouYu International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BRIGHT VALLEY CAPITAL Ltd increased its position in DouYu International by 0.8% in the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,107,389 shares of the company’s stock worth $7,176,000 after purchasing an additional 8,901 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of DouYu International by 28.2% in the second quarter. Acadian Asset Management LLC now owns 507,513 shares of the company’s stock valued at $3,278,000 after purchasing an additional 111,545 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of DouYu International in the 3rd quarter worth approximately $492,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in DouYu International by 10.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after buying an additional 5,144 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of DouYu International in the first quarter worth about $508,000. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

DouYu International Price Performance

DOYU stock traded down $0.14 on Tuesday, reaching $5.47. The company’s stock had a trading volume of 13,641 shares, compared to its average volume of 50,628. DouYu International has a 52 week low of $4.28 and a 52 week high of $9.93. The company has a market capitalization of $165.08 million, a P/E ratio of -6.22 and a beta of 0.78. The firm has a fifty day moving average of $6.25 and a two-hundred day moving average of $6.92.

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.