The9 Limited (NASDAQ:NCTY) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 51,400 shares, a drop of 56.2% from the August 30th total of 117,300 shares. Based on an average daily volume of 128,700 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.
An institutional investor recently bought a new position in The9 stock. Morgan Stanley purchased a new stake in shares of The9 Limited (NASDAQ:NCTY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 71,597 shares of the technology company’s stock, valued at approximately $89,000. Morgan Stanley owned 0.24% of The9 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.34% of the company’s stock.
Shares of NCTY traded up $0.05 during trading hours on Friday, reaching $0.96. 52,261 shares of the company’s stock traded hands, compared to its average volume of 284,784. The9 has a twelve month low of $0.78 and a twelve month high of $8.13. The business’s fifty day simple moving average is $1.06 and its two-hundred day simple moving average is $1.30.
The9 Company Profile
The9 Limited, together with its subsidiaries, operates as an online game developer and operator in the People's Republic of China. The company offers online games, including massively multiplayer online games, mobile games, Web games, and TV games. It also provides training services, such as smartphone application programming training services to college students.
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