How Is The Market Feeling About NetEase?
Portfolio Pulse from Benzinga Insights
NetEase's (NYSE:NTES) short percent of float has fallen 24.36% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.78 million shares sold short, which is 0.59% of all regular shares available for trading. Compared to its peers, NetEase has less short interest as a percentage of float, which is 3.80% on average.
July 07, 2023 | 1:01 pm
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POSITIVE IMPACT
The decrease in short interest in NetEase's stock indicates a more bullish sentiment among traders, which could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. NetEase's short percent of float has fallen 24.36% since its last report, indicating a more bullish sentiment towards the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100