Xunlei Limited (NASDAQ:XNET) Sees Large Increase in Short Interest

Xunlei Limited (NASDAQ:XNET) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,430,000 shares, an increase of 1,384.9% from the February 13th total of 96,300 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is presently 1.2 days. Currently, 2.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new position in Xunlei in the 4th quarter valued at $36,000. Russell Investments Group Ltd. purchased a new position in shares of Xunlei in the fourth quarter worth about $52,000. Sei Investments Co. acquired a new position in Xunlei during the fourth quarter worth about $53,000. Marshall Wace LLP purchased a new stake in Xunlei during the 4th quarter valued at about $84,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Xunlei in the 3rd quarter worth approximately $109,000. 5.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Xunlei from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th.

Xunlei Price Performance

NASDAQ:XNET traded down $0.24 during trading hours on Wednesday, reaching $4.89. 676,386 shares of the company were exchanged, compared to its average volume of 356,803. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. The firm has a market cap of $309.99 million, a PE ratio of 21.26 and a beta of 1.04. Xunlei has a twelve month low of $1.45 and a twelve month high of $5.55. The stock’s 50-day moving average is $2.87 and its 200-day moving average is $2.25.

Xunlei Company Profile

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.