ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Up 368.2% in December

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a significant 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. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 15,538 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 15,538 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of ZW Data Action Technologies

An institutional investor recently bought a new position in ZW Data Action Technologies stock. Citadel Advisors LLC acquired a new stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ZW Data Action Technologies in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

ZW Data Action Technologies Stock Up 2.4%

Shares of CNET traded up $0.03 on Tuesday, hitting $1.28. 1,594 shares of the stock traded hands, compared to its average volume of 12,437. ZW Data Action Technologies has a one year low of $0.96 and a one year high of $2.78. The company has a market capitalization of $4.19 million, a PE ratio of -1.73 and a beta of 0.71. The business has a 50 day simple moving average of $1.49 and a 200 day simple moving average of $1.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.41.

ZW Data Action Technologies (NASDAQ:CNET) last issued its earnings results on Friday, November 14th. The business services provider reported ($0.52) EPS 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 business had revenue of $3.92 million for the quarter.

About ZW Data Action Technologies

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.