The9 Limited (NASDAQ:NCTY - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 190,600 shares, an increase of 42.2% from the January 15th total of 134,000 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 161,600 shares, the days-to-cover ratio is currently 1.2 days.
The9 Trading Down 1.7 %
Shares of NASDAQ:NCTY traded down $0.26 on Thursday, hitting $14.88. The company's stock had a trading volume of 91,744 shares, compared to its average volume of 95,671. The9 has a 12 month low of $4.60 and a 12 month high of $20.59. The stock's 50-day moving average is $15.70 and its two-hundred day moving average is $11.21.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in shares of The9 in the fourth quarter valued at $67,000. Jump Financial LLC acquired a new stake in shares of The9 in the fourth quarter valued at $230,000. Independent Advisor Alliance lifted its holdings in shares of The9 by 17.5% in the third quarter. Independent Advisor Alliance now owns 16,232 shares of the technology company's stock valued at $110,000 after buying an additional 2,422 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of The9 in the fourth quarter valued at $823,000. Institutional investors own 0.54% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut The9 from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st.
Get Our Latest Report on NCTY
About The9
(
Get Free Report)
The9 Limited operates as a cryptocurrency mining business in China, Eastern Europe, Asia, and North America. The company was formerly known as GameNow.net Limited and changed its name to The9 Limited in February 2004. The9 Limited was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.
Featured Articles
Before you consider The9, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The9 wasn't on the list.
While The9 currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
