From MarketBeat:

NetEase, Inc. saw a significant decline in short interest in December with a total of 3,150,000 shares being sold short, a decline of 23.9% from the previous total of 4,140,000 shares. The company has a days-to-cover ratio of 1.9 days, with 0.5% of shares being sold short, based on an average trading volume of 1,670,000 shares.

Large investors have added to their holdings in NetEase, Inc., with various financial firms increasing their shares in the technology company. Institutional investors and hedge funds now own 11.78% of the company’s stock.

Wall Street analysts have given NetEase good ratings, with Benchmark issuing a “buy” rating and NetEase currently holding a consensus rating of “Buy” with a price target of $126.00.

NetEase stock was up 4.3%, trading at $93.16 with a trading volume of 5,090,373 shares, lower than the company’s average of 3,187,827 shares. The company has a market capitalization of $60.06 billion, a PE ratio of 16.09, and a beta of 0.56.

NetEase recently announced a quarterly dividend of $0.495, which was paid on December 15th.

NetEase, Inc. engages in various online and internet-related services in China and internationally, including gaming, music streaming, intelligent learning services, and internet content services.

If you’re considering investing in NetEase, MarketBeat has identified five stocks that top analysts are recommending. While NetEase has a “Buy” rating, these five stocks are believed to be better buys according to top-rated analysts.



Read more: NetEase, Inc. (NASDAQ:NTES) Short Interest Update