Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,230,000 shares, a drop of 27.6% from the September 15th total of 1,700,000 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.0% of the company’s stock are short sold.

Xunlei Stock Performance

Shares of XNET stock opened at $9.30 on Friday. The company has a 50 day moving average price of $8.31 and a 200-day moving average price of $5.93. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $581.80 million, a PE ratio of 0.82 and a beta of 1.00. Xunlei has a 52 week low of $1.82 and a 52 week high of $11.03.

Xunlei (NASDAQ:XNET) last announced its earnings results on Thursday, August 14th. The software maker reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $103.54 million during the quarter. Xunlei had a net margin of 202.62% and a return on equity of 4.50%. Xunlei has set its Q3 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XNET. Wall Street Zen upgraded shares of Xunlei from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Xunlei in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Xunlei

Several large investors have recently added to or reduced their stakes in XNET. Walleye Capital LLC purchased a new position in Xunlei during the second quarter valued at approximately $51,000. QRG Capital Management Inc. purchased a new position in Xunlei during the second quarter valued at approximately $56,000. NewEdge Advisors LLC lifted its holdings in Xunlei by 9,106.5% during the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker’s stock valued at $83,000 after purchasing an additional 18,213 shares in the last quarter. XTX Topco Ltd purchased a new position in Xunlei during the first quarter valued at approximately $98,000. Finally, Russell Investments Group Ltd. lifted its holdings in Xunlei by 21.2% during the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker’s stock valued at $132,000 after purchasing an additional 5,190 shares in the last quarter. Hedge funds and other institutional investors own 5.07% of the company’s stock.

Xunlei Company Profile

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.