ZW Data Action Technologies Inc. (NASDAQ:CNET – Get 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.
Hedge Funds Weigh In On ZW Data Action Technologies
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:CNET – Get 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
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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