Looking Into NetEase's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NetEase's (NYSE:NTES) short percent of float has risen 3.7% since its last report, with 3.59 million shares sold short, which is 0.56% of all regular shares available for trading. It would take traders 3.4 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. NetEase's peer group average for short interest as a percentage of float is 3.28%, which means the company has less short interest than most of its peers.

August 07, 2023 | 3:45 pm
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NetEase's short percent of float has risen 3.7%, indicating a potential bearish sentiment among investors.
The increase in short interest indicates that more investors are betting that the price of NetEase's stock will fall. This could put downward pressure on the stock price in the short term.
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