Among the top ten stocks that have the most profitable short positions, Baidu ranks fifth
Editor’s note: This article is from “Tencent Technology”.
According to Yahoo Finance data, as of the close of US stocks on Wednesday, NetEase’s market value ($33.542 billion) surpassed Baidu ($33.136 billion) and became the fifth largest Internet company in China.
On Wednesday, NetEase’s share price closed at $262.13, up $1.28 on the day, or 0.49%. According to the closing price of the day, Netease’s capital market value is shown to be $33.542 billion. Baidu’s share price on Wednesday closed at $94.85, down $2.53, or 2.6%.
As of 7:00 on August 15th, Beijing time, the market value of the top six domestic Internet companies are: Alibaba ($421.935 billion), Tencent Holdings (about 414.408 billion US dollars), Jingdong ($49.681 billion), and the US Mission Comments (about 47.029 billion US dollars), Netease (33.542 billion US dollars), Baidu (33.136 billion US dollars).
From Baidu’s stock price chart this year, it can be seen that the company’s share price has been hovering around $170 at the beginning of the year, but since the middle of this year, Baidu’s share price has dropped significantly and gradually fell. A level of around $100.
In other words, during this period, Baidu’s share price has fallen by about 40%.
Recently, a US financial institution announced some of the most profitable or worst-selling stocks in the US stock market since the beginning of the year. Among the top ten stocks that obtained the most profitable short-selling institutions, Baidu ranked fifth, short-selling institutions earned 520 million US dollars through Baidu stocks, and Tesla ranked first, and the company’s stocks allowed short-selling institutions to obtain 2.75 billion US dollars in profits. This means that the stock prices of these companies have fallen sharply, making short-selling institutions that are short-selling stocks profitable.