ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Update

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,300 shares, a decrease of 10.4% from the March 15th total of 4,800 shares. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on ZW Data Action Technologies in a research report on Wednesday, April 10th. They set a “sell” rating for the company.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC lifted its stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,697 shares of the business services provider’s stock after purchasing an additional 128,097 shares during the period. Renaissance Technologies LLC owned 0.41% of ZW Data Action Technologies worth $49,000 at the end of the most recent quarter. 0.01% of the stock is currently owned by institutional investors.

ZW Data Action Technologies Stock Performance

Shares of ZW Data Action Technologies stock opened at $1.00 on Wednesday. ZW Data Action Technologies has a 12-month low of $0.69 and a 12-month high of $1.90. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $0.96 and its 200-day moving average is $0.92.

About ZW Data Action Technologies

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