ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 144,612 shares, a growth of 495.6% from the July 15th total of 24,280 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average daily volume of 864,719 shares, the short-interest ratio is currently 0.2 days.
ZW Data Action Technologies Stock Performance
Shares of CNET stock opened at $1.28 on Friday. ZW Data Action Technologies has a 52 week low of $0.57 and a 52 week high of $2.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $0.90. The firm has a market cap of $4.70 million, a price-to-earnings ratio of -3.05 and a beta of 0.84.
ZW Data Action Technologies (NASDAQ:CNET – Get Free Report) last issued its earnings results on Friday, May 15th. The business services provider reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $0.38 million for the quarter. ZW Data Action Technologies had a negative return on equity of 28.28% and a negative net margin of 33.30%.
Institutional Investors Weigh In On ZW Data Action Technologies
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on ZW Data Action Technologies
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.
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