Looking Into NetEase's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NetEase (NYSE:NTES) has seen a 12.77% increase in short interest since its last report, with 3.38 million shares sold short, representing 0.53% of its float. It would take about 3.47 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. NetEase's short interest is below its peer group average of 3.88%.
November 13, 2023 | 4:15 pm
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NetEase's short interest has increased, which may indicate bearish sentiment among investors but is still below the peer average.
While the increase in short interest suggests that some investors are expecting the price of NTES to fall, the fact that it is below the peer average and the article suggests this does not necessarily predict a near-term price drop means the impact is likely to be neutral in the short term.
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