HUYA Inc. (NYSE:HUYA) Short Interest Up 50.3% in February

HUYA Inc. (NYSE:HUYA) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,510,000 shares, a growth of 50.3% from the February 13th total of 1,670,000 shares. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.3% of the company’s shares are sold short.

Institutional Investors Weigh In On HUYA

A number of large investors have recently made changes to their positions in the business. Amiral Gestion bought a new stake in shares of HUYA during the 4th quarter valued at about $307,000. Formidable Asset Management LLC lifted its holdings in HUYA by 7.2% in the fourth quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock worth $332,000 after buying an additional 7,300 shares during the period. Public Employees Retirement System of Ohio boosted its position in 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 acquiring an additional 3,545 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of HUYA during the 4th quarter worth approximately $516,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of HUYA by 10.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company’s stock worth $824,000 after acquiring an additional 25,521 shares in the last quarter. 23.20% of the stock is currently owned by institutional investors.

HUYA Stock Up 5.3 %

Shares of HUYA stock traded up $0.23 during trading on Friday, reaching $4.45. 2,091,155 shares of the stock were exchanged, compared to its average volume of 1,427,697. HUYA has a 1 year low of $2.82 and a 1 year high of $6.84. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -49.39 and a beta of 0.72. The stock’s fifty day moving average is $3.65 and its 200 day moving average is $3.69.

About HUYA

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.