ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Down 15.3% in February

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 18,300 shares, a decrease of 15.3% from the February 13th total of 21,600 shares. Based on an average trading volume of 40,200 shares, the short-interest ratio is currently 0.5 days. Approximately 1.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of ZW Data Action Technologies in a report on Wednesday, March 12th. They set a “sell” rating on the stock.

ZW Data Action Technologies Stock Up 1.7 %

CNET opened at $1.47 on Tuesday. The firm has a 50 day moving average price of $1.63 and a 200 day moving average price of $1.86. The company has a market cap of $2.84 million, a PE ratio of -0.55 and a beta of 0.53. ZW Data Action Technologies has a 1 year low of $1.35 and a 1 year high of $4.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.65.

About ZW Data Action Technologies

ZW Data Action Technologies Inc, through its subsidiaries, offers omni-channel advertising, precision marketing, and data analysis management systems in the People’s Republic of China. The company 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.