ZW Data Action Technologies Inc. (NASDAQ:CNET) Stock Short Interest Report for October

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 20,310 shares, a decline of 58.3% from the September 30th total of 48,711 shares. Based on an average daily trading volume, of 28,097 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, ZW Data Action Technologies has an average rating of “Sell”.

ZW Data Action Technologies Price Performance

Shares of CNET stock traded up $0.01 during trading hours on Friday, hitting $0.86. The stock had a trading volume of 9,694 shares, compared to its average volume of 20,625. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $3.16 million, a price-to-earnings ratio of -3.45 and a beta of 0.76. ZW Data Action Technologies has a one year low of $0.57 and a one year high of $2.87. The stock’s 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.04.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings results on Friday, August 14th. The business services provider reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.65 million for the quarter. ZW Data Action Technologies had a negative net margin of 23.98% and a negative return on equity of 20.22%.

About ZW Data Action Technologies

ZW Data Action Technologies Inc, formerly known as ChinaNet Online Holdings, Inc, is a China-based provider of internet marketing and data-driven business services. The company helps small and medium-sized enterprises promote their products and services through online advertising, digital marketing, lead generation, search-engine marketing and related brand-development activities.

Its offerings have included website development and operation, online advertising placement, marketing campaign management, customer-acquisition services and data analytics designed to help businesses identify and reach prospective customers.