The9 Limited (NASDAQ:NCTY) Short Interest Update

The9 Limited (NASDAQ:NCTYGet Free Report) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 35,800 shares, an increase of 28.3% from the November 15th total of 27,900 shares. Based on an average daily volume of 123,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of The9 from a “hold” rating to a “sell” rating in a report on Thursday, November 21st.

Read Our Latest Stock Analysis on The9

Institutional Trading of The9

An institutional investor recently raised its position in The9 stock. Independent Advisor Alliance grew its stake in shares of The9 Limited (NASDAQ:NCTYFree Report) by 17.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,232 shares of the technology company’s stock after buying an additional 2,422 shares during the quarter. Independent Advisor Alliance owned approximately 0.18% of The9 worth $110,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.54% of the company’s stock.

The9 Price Performance

NASDAQ:NCTY opened at $17.48 on Monday. The stock has a 50 day simple moving average of $10.94 and a 200 day simple moving average of $8.72. The9 has a 1-year low of $4.03 and a 1-year high of $20.59.

The9 Company Profile

(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.

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