ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Up 146.6% in June

ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 112,390 shares, a growth of 146.6% from the May 31st total of 45,580 shares. Based on an average daily volume of 1,079,563 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.5% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ZW Data Action Technologies in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZW Data Action Technologies presently has an average rating of “Sell”.

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ZW Data Action Technologies Stock Performance

Shares of CNET traded up $0.02 during trading hours on Monday, reaching $0.94. 2,738,706 shares of the company’s stock traded hands, compared to its average volume of 324,305. ZW Data Action Technologies has a twelve month low of $0.57 and a twelve month high of $2.78. The business’s fifty day simple moving average is $0.80 and its two-hundred day simple moving average is $0.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $3.43 million, a price-to-earnings ratio of -2.22 and a beta of 1.02.

ZW Data Action Technologies (NASDAQ:CNET – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The business services provider reported $0.04 earnings per share for the quarter. ZW Data Action Technologies had a negative net margin of 33.30% and a negative return on equity of 28.28%. The company had revenue of $0.38 million during the quarter.

Hedge Funds Weigh In On ZW Data Action Technologies

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

ZW Data Action Technologies Company Profile

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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.

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