Short Interest in Xunlei Limited (NASDAQ:XNET) Rises By 77.4%

Xunlei Limited (NASDAQ:XNET) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 110,500 shares, a growth of 77.4% from the January 15th total of 62,300 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 172,900 shares, the days-to-cover ratio is presently 0.6 days.

Xunlei Trading Up 13.1 %

Shares of Xunlei stock opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 2.92. Xunlei has a 52 week low of $1.45 and a 52 week high of $3.58. The stock has a 50 day moving average price of $2.31 and a two-hundred day moving average price of $1.99. The stock has a market capitalization of $225.03 million, a PE ratio of 15.43 and a beta of 1.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Xunlei from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

Institutional Investors Weigh In On Xunlei

A number of hedge funds have recently added to or reduced their stakes in XNET. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Xunlei by 3.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock valued at $555,000 after buying an additional 10,276 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Xunlei in the third quarter valued at $109,000. Marshall Wace LLP bought a new stake in shares of Xunlei in the fourth quarter valued at $84,000. Sei Investments Co. bought a new stake in shares of Xunlei in the fourth quarter valued at $53,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Xunlei in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 5.07% of the company’s stock.

About Xunlei

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.