ZW Data Action Technologies Inc. (NASDAQ:CNET) Sees Large Increase in Short Interest

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,758 shares, a growth of 37.1% from the November 30th total of 2,012 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,592 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 8,592 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned 1.13% 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.

Analyst Ratings Changes

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

ZW Data Action Technologies Stock Up 2.0%

CNET opened at $1.23 on Tuesday. ZW Data Action Technologies has a 12 month low of $0.96 and a 12 month high of $2.78. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $1.63 and its 200-day moving average price is $1.66. The company has a market cap of $4.03 million, a P/E ratio of -1.67 and a beta of 0.67.

ZW Data Action Technologies (NASDAQ:CNET) last posted its quarterly earnings results on Friday, November 14th. The business services provider reported ($0.52) earnings per share (EPS) for the quarter. The company had revenue of $3.92 million for the quarter. ZW Data Action Technologies had a negative return on equity of 59.11% and a negative net margin of 33.25%.

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.