Looking Into NetEase's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NetEase (NYSE:NTES) has seen a 24.62% decrease in short interest since its last report, with 3.15 million shares sold short, representing 0.49% of available shares. The average time to cover these short positions is 1.86 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. NetEase's short interest is below its peer group average of 3.95%.
January 02, 2024 | 2:45 pm
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NetEase's short interest has decreased, which may indicate a bullish sentiment among investors. The company's short interest is lower than the peer group average.
The decrease in short interest suggests that investors may be less bearish on NetEase, potentially leading to a short-term positive impact on the stock price. However, short interest is just one indicator and does not guarantee stock price movement. The comparison with peers further supports a potentially positive outlook, as NetEase has a lower percentage of shares shorted than its peer group average.
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