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 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.
WARNING: “Bilibili Inc – (BILI) Sees Significant Growth in Short Interest” was originally published by WKRB News and is the property of of WKRB News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.wkrb13.com/2019/04/12/bilibili-inc-bili-sees-significant-growth-in-short-interest.html.
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.
Featured Article: How is a buy-side analyst different from a sell-side analyst?
Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.