DouYu International Holdings Limited (NASDAQ:DOYU) Short Interest Down 6.2% in April

DouYu International Holdings Limited (NASDAQ:DOYU) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,370,000 shares, a decline of 6.2% from the March 31st total of 1,460,000 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily volume of 96,900 shares, the days-to-cover ratio is currently 14.1 days.

DouYu International Stock Performance

Shares of DOYU opened at $8.60 on Tuesday. DouYu International has a fifty-two week low of $6.29 and a fifty-two week high of $12.20. The firm has a 50-day simple moving average of $7.59 and a 200-day simple moving average of $8.08. The company has a market capitalization of $275.03 million, a price-to-earnings ratio of 86.00 and a beta of 1.02.

DouYu International (NASDAQ:DOYU) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $182.53 million for the quarter. DouYu International had a return on equity of 2.27% and a net margin of 0.61%.

Hedge Funds Weigh In On DouYu International

A number of hedge funds and other institutional investors have recently bought and sold shares of DOYU. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in shares of DouYu International in the 4th quarter worth $2,006,000. Athos Capital Ltd purchased a new position in DouYu International during the fourth quarter worth about $166,000. Russell Investments Group Ltd. raised its holdings in DouYu International by 26.6% during the fourth quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock worth $140,000 after purchasing an additional 32,857 shares in the last quarter. Federated Hermes Inc. lifted its position in DouYu International by 125.5% in the fourth quarter. Federated Hermes Inc. now owns 2,185,820 shares of the company’s stock valued at $2,077,000 after purchasing an additional 1,216,284 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in DouYu International by 191.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 30,464 shares of the company’s stock valued at $29,000 after purchasing an additional 20,000 shares in the last quarter. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

About DouYu International

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.