ZW Data Action Technologies Inc. (NASDAQ:CNET) Sees Large Increase in Short Interest

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 12,914 shares, an increase of 368.2% from the December 15th total of 2,758 shares. Based on an average daily volume of 15,538 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 15,538 shares, the short-interest ratio is currently 0.8 days.

ZW Data Action Technologies Stock Performance

Shares of CNET stock traded up $0.03 during mid-day trading on Tuesday, reaching $1.28. 1,594 shares of the company’s stock traded hands, compared to its average volume of 12,437. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $4.19 million, a PE ratio of -1.73 and a beta of 0.71. ZW Data Action Technologies has a 12 month low of $0.96 and a 12 month high of $2.78. The firm has a 50 day moving average price of $1.49 and a two-hundred day moving average price of $1.66.

ZW Data Action Technologies (NASDAQ:CNET) last released its earnings results on Friday, November 14th. The business services provider reported ($0.52) earnings per share for the quarter. ZW Data Action Technologies had a negative net margin of 33.25% and a negative return on equity of 59.11%. The company had revenue of $3.92 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ZW Data Action Technologies in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZW Data Action Technologies presently has an average rating of “Sell”.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned 1.13% of ZW Data Action Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.01% of the company’s stock.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies, Inc provides cloud-based software and digital solutions for the insurance industry in China. Through its subsidiaries, the company offers a multi-tenant insurance platform designed to streamline policy administration, underwriting, claims processing and distribution management. Its core suite of SaaS products enables property and casualty carriers, life insurers, brokers and agents to launch new products quickly, automate routine processes and integrate data from third-party sources for enhanced decision-making.

Beyond its software offerings, ZW Data Action Technologies delivers business process outsourcing services via a dedicated call center that handles customer support, policy issuance, claims intake and other administrative functions.