ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 250,700 shares, a growth of 140.8% from the December 15th total of 104,100 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 393,100 shares, the short-interest ratio is currently 0.6 days.
An institutional investor recently bought a new position in ZW Data Action Technologies stock. Geode Capital Management LLC acquired a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 12,732 shares of the business services provider’s stock, valued at approximately $25,000. 0.64% of the stock is owned by hedge funds and other institutional investors.
NASDAQ CNET opened at $0.90 on Friday. The stock’s 50-day simple moving average is $1.15 and its two-hundred day simple moving average is $1.38. ZW Data Action Technologies has a twelve month low of $0.85 and a twelve month high of $6.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 2.18.
ZW Data Action Technologies Company Profile
ZW Data Action Technologies, Inc engages in providing advertising, precision marketing, online to offline sales channel expansion and the related data services to small and medium enterprises. Its services include precision marketing, data analysis, member point’s management and other value added services.
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