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

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 15th, there was short interest totalling 4,800 shares, a decrease of 78.8% from the February 29th total of 22,600 shares. Based on an average trading volume of 27,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC increased its position in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,697 shares of the business services provider’s stock after acquiring an additional 128,097 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors.

ZW Data Action Technologies Stock Performance

Shares of CNET stock remained flat at $1.02 during trading hours on Friday. The stock had a trading volume of 82,558 shares, compared to its average volume of 15,003. The business’s 50-day simple moving average is $0.93 and its 200 day simple moving average is $0.92. ZW Data Action Technologies has a fifty-two week low of $0.69 and a fifty-two week high of $2.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

Separately, StockNews.com began coverage on ZW Data Action Technologies in a research note on Monday. They set a “sell” rating for the company.

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.