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

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a large growth in short interest in 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. Approximately 4.8% of the company’s shares are short sold. Based on an average daily trading volume, of 864,719 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC purchased a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned approximately 0.65% of ZW Data Action Technologies at the end of the most recent quarter. 0.01% of the stock is owned by institutional investors and hedge funds.

ZW Data Action Technologies Trading Up 7.2%

ZW Data Action Technologies stock traded up $0.10 during trading hours on Wednesday, reaching $1.42. 1,483 shares of the company’s stock were exchanged, compared to its average volume of 339,446. The firm’s 50 day simple moving average is $1.08 and its 200 day simple moving average is $0.90. ZW Data Action Technologies has a twelve month low of $0.57 and a twelve month high of $2.78. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $5.19 million, a PE ratio of -3.37 and a beta of 0.84.

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

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.