ZW Data Action Technologies Inc. (NASDAQ:CNET) Sees Large Growth in Short Interest

ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 43,900 shares, a growth of 65.0% from the August 15th total of 26,600 shares. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Trading of ZW Data Action Technologies

An institutional investor recently raised its position in ZW Data Action Technologies stock. Renaissance Technologies LLC boosted its stake in ZW Data Action Technologies Inc. (NASDAQ:CNET – Free Report) by 771.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,697 shares of the business services provider’s stock after purchasing an additional 128,097 shares during the period. Renaissance Technologies LLC owned about 0.41% of ZW Data Action Technologies worth $49,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Get ZW Data Action Technologies alerts:

ZW Data Action Technologies Stock Performance

Shares of CNET opened at $1.02 on Friday. ZW Data Action Technologies has a 52 week low of $1.01 and a 52 week high of $6.30. The firm’s 50-day simple moving average is $1.21 and its 200 day simple moving average is $1.39. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.

ZW Data Action Technologies (NASDAQ:CNET – Get Free Report) last announced its earnings results on Monday, August 21st. The business services provider reported ($0.16) earnings per share (EPS) for the quarter. ZW Data Action Technologies had a negative return on equity of 77.99% and a negative net margin of 35.67%. The business had revenue of $9.82 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of ZW Data Action Technologies in a report on Friday. They issued a “sell” rating on the stock.

Get Our Latest Report on ZW Data Action Technologies

ZW Data Action Technologies Company Profile

(Get Free Report)

ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It offers Internet advertising, precision marketing, and related data services to small and medium enterprises through its Internet portals, including 28.com and liansuo.com that provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/or resellers.

Read More

• Five stocks we like better than ZW Data Action Technologies
• What Is Dividend Yield and How Do You Calculate It?
• 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
• What Are Utility Stocks? An Overview of the Utilities Sector
• MarketBeat Week in Review – 9/11 – 9/15
• P/E Ratio Calculation: How to Assess Stocks
• China’s Jump In Car Sales Is Drawing Big Money To These Stocks

Receive News & Ratings for ZW Data Action Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZW Data Action Technologies and related companies with MarketBeat.com's FREE daily email newsletter.