As this happened, BofA Securities downgraded its HUYA Inc ADR [HUYA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. Citigroup also remained covering HUYA and has increased its forecast on August 14, 2024 with a “Buy” recommendation from previously “Sell” rating. JP Morgan revised its rating on May 20, 2024. It rated HUYA as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of HUYA
On Friday, HUYA Inc ADR [NYSE:HUYA] saw its stock jump 2.48% to $3.30. Over the last five days, the stock has gained 14.98%. HUYA Inc ADR shares have risen nearly 7.49% since the year began. Nevertheless, the stocks have risen 46.16% over the past one year. While a 52-week high of $5.53 was reached on 01/16/25, a 52-week low of $2.03 was recorded on 01/13/25. SMA at 50 days reached $3.12, while 200 days put it at $4.12.
Levels Of Support And Resistance For HUYA Stock
The 24-hour chart illustrates a support level at 3.23, which if violated will result in even more drops to 3.15. On the upside, there is a resistance level at 3.38. A further resistance level may holdings at 3.46. The Relative Strength Index (RSI) on the 14-day chart is 60.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.41%. Stochastics %K at 62.58% indicates the stock is a holding.
How much short interest is there in HUYA Inc ADR?
A steep rise in short interest was recorded in HUYA Inc ADR stocks on 2024-10-15, dropping by -0.99 million shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.26 million shares. There was a decline of -77.67%, which implies that there is a negative sentiment for the stock.
