ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Up 368.2% in December

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 12,914 shares, a growth of 368.2% from the December 15th total of 2,758 shares. Based on an average trading volume of 15,538 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 15,538 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC bought a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned about 1.13% of ZW Data Action Technologies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZW Data Action Technologies in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ZW Data Action Technologies currently has an average rating of “Sell”.

ZW Data Action Technologies Stock Up 4.4%

CNET opened at $1.31 on Wednesday. The company has a 50 day moving average of $1.48 and a 200 day moving average of $1.66. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. ZW Data Action Technologies has a 12 month low of $0.96 and a 12 month high of $2.78. The company has a market cap of $4.26 million, a PE ratio of -1.76 and a beta of 0.71.

ZW Data Action Technologies (NASDAQ:CNET) last posted its earnings results on Friday, November 14th. The business services provider reported ($0.52) EPS for the quarter. ZW Data Action Technologies had a negative return on equity of 59.11% and a negative net margin of 33.25%.The business had revenue of $3.92 million for the quarter.

About ZW Data Action Technologies

ZW Data Action Technologies, Inc provides cloud-based software and digital solutions for the insurance industry in China. Through its subsidiaries, the company offers a multi-tenant insurance platform designed to streamline policy administration, underwriting, claims processing and distribution management. Its core suite of SaaS products enables property and casualty carriers, life insurers, brokers and agents to launch new products quickly, automate routine processes and integrate data from third-party sources for enhanced decision-making.

Beyond its software offerings, ZW Data Action Technologies delivers business process outsourcing services via a dedicated call center that handles customer support, policy issuance, claims intake and other administrative functions.