Bilibili Inc – (BILI) Sees Significant Growth in Short Interest

Bilibili Inc – (NASDAQ:BILI) saw a large growth in short interest in March. As of March 29th, there was short interest totalling 14,342,702 shares, a growth of 50.1% from the March 15th total of 9,555,771 shares. Based on an average daily volume of 4,008,895 shares, the short-interest ratio is currently 3.6 days.

Shares of Bilibili stock traded up $0.47 during midday trading on Friday, hitting $18.19. 3,247,040 shares of the company were exchanged, compared to its average volume of 3,866,950. Bilibili has a 52 week low of $9.09 and a 52 week high of $22.70. The company has a market capitalization of $5.07 billion, a PE ratio of -47.87 and a beta of 1.22.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Wednesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.06 billion. Bilibili had a negative return on equity of 16.26% and a negative net margin of 14.84%. The company’s revenue was up 57.5% on a year-over-year basis. On average, sell-side analysts anticipate that Bilibili will post -0.52 EPS for the current year.

A number of research analysts have recently commented on BILI shares. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a report on Tuesday, January 8th. Zacks Investment Research lowered Bilibili from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Daiwa Capital Markets initiated coverage on Bilibili in a report on Monday, January 14th. They issued an “outperform” rating on the stock. Citigroup initiated coverage on Bilibili in a report on Thursday, January 31st. They issued a “buy” rating and a $22.00 target price on the stock. Finally, China Renaissance Securities assumed coverage on Bilibili in a report on Wednesday, February 27th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. FMR LLC acquired a new stake in shares of Bilibili in the 3rd quarter valued at $2,191,000. Hsbc Holdings PLC acquired a new stake in shares of Bilibili during the third quarter worth $2,801,000. Point72 Asset Management L.P. acquired a new stake in shares of Bilibili during the third quarter worth $3,586,000. B. Riley Wealth Management Inc. acquired a new stake in shares of Bilibili during the third quarter worth $168,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Bilibili during the third quarter worth $16,513,000. 21.10% of the stock is owned by institutional investors.

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About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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