Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Rises By 111.6%

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 9,100 shares, a growth of 111.6% from the March 31st total of 4,300 shares. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on ZW Data Action Technologies in a research report on Friday. They set a “sell” rating for the company.

ZW Data Action Technologies Stock Performance

NASDAQ CNET traded up $0.01 during trading on Friday, reaching $0.99. 13,995 shares of the company’s stock were exchanged, compared to its average volume of 25,635. ZW Data Action Technologies has a fifty-two week low of $0.69 and a fifty-two week high of $1.90. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $0.97 and its 200-day simple moving average is $0.93.

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.