Bilibili Inc – (NASDAQ:BILI) Short Interest Update

Bilibili Inc – (NASDAQ:BILI) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 21,843,353 shares, a growth of 19.4% from the August 15th total of 18,295,707 shares. Based on an average daily trading volume, of 6,910,592 shares, the short-interest ratio is presently 3.2 days.

BILI traded down $0.20 during trading on Friday, hitting $13.35. 4,565,524 shares of the stock traded hands, compared to its average volume of 5,178,844. Bilibili has a 12-month low of $9.09 and a 12-month high of $22.70.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Monday, August 27th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The business had revenue of $155.10 million for the quarter, compared to analyst estimates of $142.41 million. During the same period in the previous year, the business earned ($3.03) EPS. The company’s quarterly revenue was up 76.1% on a year-over-year basis. As a group, equities research analysts forecast that Bilibili will post -0.39 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Bilibili in the 2nd quarter worth $468,000. Macquarie Group Ltd. bought a new position in shares of Bilibili in the 2nd quarter worth about $2,451,000. Glen Harbor Capital Management LLC bought a new position in shares of Bilibili in the 2nd quarter worth about $105,000. Tiverton Asset Management LLC bought a new position in shares of Bilibili in the 2nd quarter worth about $202,000. Finally, BlackRock Inc. increased its stake in shares of Bilibili by 482.8% in the 2nd quarter. BlackRock Inc. now owns 2,331,934 shares of the company’s stock worth $32,624,000 after acquiring an additional 1,931,783 shares in the last quarter. Institutional investors and hedge funds own 9.77% of the company’s stock.

BILI has been the subject of a number of research reports. Bank of America upped their price objective on shares of Bilibili from $15.30 to $17.30 and gave the company a “buy” rating in a research note on Tuesday, June 26th. JPMorgan Chase & Co. cut their price objective on shares of Bilibili from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, August 29th. Finally, Morgan Stanley cut shares of Bilibili from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $13.50 to $11.00 in a research note on Monday, September 24th.

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. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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