Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Declines By 76.1%

ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 24,280 shares, a decrease of 76.1% from the June 30th total of 101,455 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 28,404 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZW Data Action Technologies in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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View Our Latest Stock Analysis on CNET

ZW Data Action Technologies Stock Up 26.1%

Shares of CNET stock traded up $0.21 during mid-day trading on Monday, hitting $1.00. The stock had a trading volume of 928,068 shares, compared to its average volume of 340,235. ZW Data Action Technologies has a 12-month low of $0.57 and a 12-month high of $2.78. 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’s 50-day moving average is $0.90 and its two-hundred day moving average is $0.89. The firm has a market capitalization of $3.67 million, a P/E ratio of -2.38 and a beta of 0.85.

ZW Data Action Technologies (NASDAQ:CNET – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The business services provider reported $0.04 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 Inflows and Outflows

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned approximately 1.13% of ZW Data Action Technologies as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.01% of the company’s stock.

ZW Data Action Technologies Company Profile

(Get Free Report)

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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