ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Up 146.6% in June

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 112,390 shares, a growth of 146.6% from the May 31st total of 45,580 shares. Based on an average daily trading volume, of 1,079,563 shares, the short-interest ratio is presently 0.1 days. Approximately 3.5% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZW Data Action Technologies in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC bought a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned about 0.65% of ZW Data Action Technologies as of its most recent SEC filing. 0.01% of the stock is owned by institutional investors and hedge funds.

ZW Data Action Technologies Stock Up 1.7%

ZW Data Action Technologies stock traded up $0.02 during midday trading on Monday, hitting $0.94. 2,738,706 shares of the company were exchanged, compared to its average volume of 324,305. The company has a market cap of $3.43 million, a PE ratio of -2.22 and a beta of 1.02. ZW Data Action Technologies has a fifty-two week low of $0.57 and a fifty-two week high of $2.78. The company’s fifty day moving average price is $0.80 and its 200-day moving average price is $0.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.52 and a quick ratio of 1.52.

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

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.