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

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

Bilibili stock opened at $17.47 on Friday. Bilibili has a 1-year low of $9.09 and a 1-year high of $22.70. The company has a market capitalization of $4.97 billion and a PE ratio of -45.97.

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

Several analysts recently issued reports on BILI shares. UBS Group began coverage on shares of Bilibili in a research note on Wednesday. They set a “buy” rating and a $23.00 price objective for the company. Daiwa Capital Markets began coverage on shares of Bilibili in a research note on Monday, January 14th. They issued an “outperform” rating for the company. China Renaissance Securities began coverage on shares of Bilibili in a research note on Wednesday, February 27th. They issued a “buy” rating for the company. Zacks Investment Research cut shares of Bilibili from a “hold” rating to a “sell” rating in a research note on Friday, December 28th. Finally, Citigroup began coverage on shares of Bilibili in a research note on Thursday, January 31st. They issued a “buy” rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Bilibili currently has an average rating of “Buy” and a consensus target price of $20.00.

Several institutional investors have recently bought and sold shares of BILI. DNB Asset Management AS acquired a new position in shares of Bilibili in the 1st quarter worth approximately $4,914,000. Tibra Equities Europe Ltd acquired a new position in shares of Bilibili in the 1st quarter worth approximately $1,240,000. Segantii Capital Management Ltd acquired a new position in shares of Bilibili in the 1st quarter worth approximately $90,561,000. Deutsche Bank AG lifted its holdings in shares of Bilibili by 742.1% in the 4th quarter. Deutsche Bank AG now owns 26,500 shares of the company’s stock worth $386,000 after acquiring an additional 23,353 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Bilibili in the 4th quarter worth approximately $20,129,000. 18.55% of the stock is owned by institutional investors and hedge funds.

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Bilibili Company Profile

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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