Short Interest in Bilibili Inc. (NASDAQ:BILI) Grows By 15.1%

Bilibili Inc. (NASDAQ:BILI) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 19,170,000 shares, an increase of 15.1% from the November 30th total of 16,660,000 shares. Based on an average daily volume of 8,250,000 shares, the days-to-cover ratio is presently 2.3 days.

Bilibili Stock Down 1.2 %

BILI stock traded down $0.23 during midday trading on Tuesday, reaching $18.17. 2,206,886 shares of the company’s stock traded hands, compared to its average volume of 6,977,130. The firm’s fifty day moving average price is $20.17 and its 200-day moving average price is $18.05. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77. The company has a market cap of $7.53 billion, a price-to-earnings ratio of -19.75 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.47. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.39) EPS. Analysts forecast that Bilibili will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BILI. Blue Trust Inc. raised its position in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after buying an additional 891 shares during the last quarter. TD Private Client Wealth LLC bought a new position in shares of Bilibili during the third quarter valued at about $53,000. Venturi Wealth Management LLC purchased a new position in Bilibili during the third quarter worth about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after purchasing an additional 735 shares during the last quarter. Finally, Assetmark Inc. bought a new stake in Bilibili in the 3rd quarter worth about $159,000. Institutional investors own 16.08% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Barclays boosted their price objective on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Benchmark increased their target price on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America upped their price objective on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bilibili has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

About Bilibili

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.