Bilibili Inc. (NASDAQ:BILI) Short Interest Update

Bilibili Inc. (NASDAQ:BILI) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 18,380,000 shares, a decline of 8.3% from the August 15th total of 20,050,000 shares. Based on an average daily trading volume, of 5,870,000 shares, the days-to-cover ratio is presently 3.1 days.

Bilibili Trading Up 3.7 %

BILI traded up $0.54 during trading hours on Tuesday, hitting $15.21. 1,124,308 shares of the company’s stock were exchanged, compared to its average volume of 6,666,560. The firm has a market cap of $6.30 billion, a P/E ratio of -9.15 and a beta of 0.83. Bilibili has a 12-month low of $8.80 and a 12-month high of $18.19. The firm has a 50 day moving average of $14.92 and a 200 day moving average of $13.99.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.43) EPS. As a group, research analysts expect that Bilibili will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in Bilibili in the second quarter valued at approximately $29,336,000. OLD Mission Capital LLC purchased a new stake in shares of Bilibili in the 1st quarter valued at approximately $14,849,000. Cubist Systematic Strategies LLC increased its position in shares of Bilibili by 385.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after purchasing an additional 779,614 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Bilibili in the 2nd quarter valued at $11,490,000. Finally, SIH Partners LLLP lifted its position in shares of Bilibili by 145.9% during the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after purchasing an additional 709,200 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Wall Street Analyst Weigh In

BILI has been the subject of several analyst reports. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Daiwa America raised shares of Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein lifted their price target on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Finally, Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.91.

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.