NetEase (NTES.US) was downgraded to Equalweight from Overweight and its TP was lowered to US$100 from US$120 in a report by Morgan Stanley. According to the broker, the risks posed by a feeble macro-economy, more intense competition and potential regulation continued to emerge, undermining the potential for return on capital invested in NetEase's existing and future games.
NTES-S (09999.HK) -12.100 (-7.878%) Short selling $218.33M; Ratio 10.099% opened 1.5% lower today, dropping to as low as $146.7. It last traded at $148.5, down 3.32%, with 1.3874 million shares traded, involving $207 million.
The company is set to announce its first quarterly results after the market closes today (23rd).
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
