From MarketBeat:

NetEase Inc. (NASDAQ: NTES) saw short interest grow by 87.6% in December. There were 5,910,000 shares, an increase from 3,150,000. Short-interest ratio is 3.0 days and approximately 1.0% of the company’s shares are short sold.

NetEase stock was upgraded by Benchmark with a target price of $140.00 and a “buy” rating. Five investment analysts rated the stock as a buy, and one as strong buy, with a consensus target price of $126.00.

NetEase stock traded up 0.7% on Friday, hitting $91.06. The company has a market capitalization of $58.71 billion, a P/E ratio of 15.62, and a beta of 0.56.

NetEase last posted earnings of $13.30 per share, with a net margin of 26.21% and quarterly revenue up 13.6% year-over-year.

NetEase recently announced a quarterly dividend of $0.495 per share, with an annualized dividend yield of 2.17%.

Several hedge funds have made changes to their positions in NetEase, including Financial Gravity Asset Management Inc., Commonwealth Equity Services LLC, and Huntington National Bank.

NetEase engages in online games, music streaming, online learning services, and internet content businesses in China and internationally. MarketBeat has just released its list of 20 stocks that Wall Street analysts hate.



Read more: NetEase, Inc. (NASDAQ:NTES) Short Interest Up 87.6% in December