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

ZW Data Action Technologies Inc. (NASDAQ:CNETGet Free Report) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 101,100 shares, a growth of 474.4% from the November 30th total of 17,600 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 86,900 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on ZW Data Action Technologies in a research report on Thursday. They set a “sell” rating on the stock.

Check Out Our Latest Analysis on CNET

Hedge Funds Weigh In On ZW Data Action Technologies

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

ZW Data Action Technologies Stock Performance

Shares of ZW Data Action Technologies stock traded down $0.04 during trading hours on Thursday, hitting $0.85. The company’s stock had a trading volume of 36,695 shares, compared to its average volume of 78,297. The business has a 50 day moving average price of $0.94 and a two-hundred day moving average price of $1.07. ZW Data Action Technologies has a 12-month low of $0.69 and a 12-month high of $2.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84.

ZW Data Action Technologies (NASDAQ:CNETGet Free Report) last announced its quarterly earnings data on Monday, November 20th. The business services provider reported ($0.21) EPS for the quarter. ZW Data Action Technologies had a negative net margin of 28.87% and a negative return on equity of 81.34%. The business had revenue of $9.18 million during the quarter.

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.

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