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

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 144,612 shares, a growth of 495.6% from the July 15th total of 24,280 shares. Based on an average daily volume of 864,719 shares, the short-interest ratio is currently 0.2 days. Currently, 4.8% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZW Data Action Technologies has an average rating of “Sell”.

Institutional Inflows and Outflows

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

ZW Data Action Technologies Trading Down 3.4%

CNET traded down $0.04 during mid-day trading on Thursday, reaching $1.28. The stock had a trading volume of 22,661 shares, compared to its average volume of 337,386. The firm’s fifty day simple moving average is $1.09 and its two-hundred day simple moving average is $0.90. The stock has a market capitalization of $4.72 million, a P/E ratio of -3.06 and a beta of 0.84. ZW Data Action Technologies has a 52 week low of $0.57 and a 52 week high of $2.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.52.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings results on Friday, May 15th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $0.38 million for the quarter. ZW Data Action Technologies had a negative return on equity of 28.28% and a negative net margin of 33.30%.

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.