HUYA Inc. (NYSE:HUYA) Sees Significant Drop in Short Interest

HUYA Inc. (NYSE:HUYA) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,670,000 shares, a drop of 15.2% from the January 31st total of 1,970,000 shares. Based on an average daily volume of 1,220,000 shares, the short-interest ratio is presently 1.4 days. Approximately 2.2% of the shares of the stock are sold short.

HUYA Price Performance

Shares of HUYA stock opened at $3.96 on Wednesday. The firm has a market cap of $895.30 million, a PE ratio of -43.94 and a beta of 0.72. HUYA has a 1 year low of $2.82 and a 1 year high of $6.84. The company has a 50 day simple moving average of $3.46 and a two-hundred day simple moving average of $3.69.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of HUYA by 2.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock valued at $439,000 after buying an additional 3,545 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after buying an additional 3,685 shares during the last quarter. Smith Anglin Financial LLC increased its holdings in HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after buying an additional 4,002 shares in the last quarter. Formidable Asset Management LLC lifted its stake in HUYA by 7.2% during the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock valued at $332,000 after acquiring an additional 7,300 shares during the period. Finally, Seldon Capital LP bought a new position in HUYA during the 3rd quarter valued at about $51,000. 23.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HUYA shares. Citigroup lowered their price objective on HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Bank of America cut HUYA from a “buy” rating to a “neutral” rating and dropped their price target for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, HUYA presently has a consensus rating of “Hold” and an average target price of $5.68.

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.