Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Rises By 111.6%

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 9,100 shares, an increase of 111.6% from the March 31st total of 4,300 shares. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Analyst Ratings Changes

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

ZW Data Action Technologies Stock Performance

Shares of NASDAQ CNET traded up $0.01 during trading on Friday, hitting $0.99. 13,995 shares of the company were exchanged, compared to its average volume of 20,174. 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 has a 1 year low of $0.69 and a 1 year high of $1.90. The firm’s fifty day moving average price is $0.97 and its 200 day moving average price is $0.93.

About ZW Data Action Technologies

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.