Bilibili Inc. (NASDAQ:BILI) Sees Large Decline in Short Interest

Bilibili Inc. (NASDAQ:BILI) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 16,660,000 shares, a decline of 6.0% from the November 15th total of 17,720,000 shares. Based on an average trading volume of 8,090,000 shares, the short-interest ratio is currently 2.1 days.

Bilibili Price Performance

Shares of Bilibili stock traded up $1.01 during trading hours on Tuesday, reaching $20.22. The company’s stock had a trading volume of 2,111,987 shares, compared to its average volume of 7,099,635. The firm has a 50 day moving average price of $20.58 and a 200-day moving average price of $17.72. The stock has a market cap of $8.38 billion, a P/E ratio of -21.98 and a beta of 0.80. Bilibili has a one year low of $8.80 and a one year high of $31.77.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.47. The company had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.39) earnings per share. As a group, sell-side analysts forecast that Bilibili will post -0.34 EPS for the current fiscal year.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SIH Partners LLLP boosted its stake in Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after buying an additional 709,200 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Bilibili by 1,064.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Bilibili during the 2nd quarter worth about $7,799,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock valued at $30,258,000 after purchasing an additional 311,073 shares during the last quarter. Finally, Swedbank AB raised its position in Bilibili by 5.2% in the 2nd quarter. Swedbank AB now owns 60,590 shares of the company’s stock worth $936,000 after purchasing an additional 2,990 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BILI shares. Morgan Stanley began coverage on Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price for the company. Benchmark increased their price objective on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays boosted their target price on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Mizuho raised their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Bilibili has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.