Xunlei Limited (NASDAQ:XNET) Short Interest Down 46.8% in February

Xunlei Limited (NASDAQ:XNET) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 853,922 shares, a decline of 46.8% from the February 12th total of 1,606,434 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 130,906 shares, the short-interest ratio is presently 6.5 days. Based on an average daily volume of 130,906 shares, the short-interest ratio is presently 6.5 days. Currently, 1.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Xunlei

Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Xunlei in the 4th quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd purchased a new position in Xunlei in the fourth quarter worth $38,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Xunlei in the third quarter worth $112,000. Walleye Capital LLC acquired a new stake in Xunlei in the second quarter valued at $51,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Xunlei during the 3rd quarter worth $153,000. Hedge funds and other institutional investors own 5.07% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Xunlei from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Xunlei Price Performance

Shares of NASDAQ:XNET opened at $7.00 on Friday. Xunlei has a one year low of $2.83 and a one year high of $11.03. The stock has a market capitalization of $439.53 million, a price-to-earnings ratio of 0.43 and a beta of 1.06. The company has a 50-day simple moving average of $6.46 and a 200-day simple moving average of $7.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.02.

Xunlei (NASDAQ:XNET) last posted its quarterly earnings data on Thursday, March 12th. The software maker reported $0.02 earnings per share for the quarter. The firm had revenue of $142.50 million for the quarter. Xunlei had a net margin of 227.29% and a return on equity of 1.55%.

Xunlei Company Profile

Xunlei Limited (NASDAQ: XNET) is a China-based technology company specializing in content acceleration and cloud services. Its core offerings include the Xunlei download manager, which integrates peer-to-peer (P2P) and cloud-based acceleration technologies to enhance file delivery speeds for large downloads. The company has expanded its suite of products to encompass cloud storage solutions, media streaming applications and mobile browsing tools, all aimed at improving digital content distribution and user experience.

Founded in 2003 and headquartered in Shenzhen, Xunlei originally gained traction by addressing bandwidth constraints in China’s burgeoning internet market.