ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 62,855 shares, a decline of 56.5% from the July 30th total of 144,612 shares. Based on an average daily volume of 30,885 shares, the short-interest ratio is presently 2.0 days. Currently, 2.1% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut shares of ZW Data Action Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
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Institutional Inflows and Outflows
ZW Data Action Technologies Trading Down 4.1%
Shares of CNET traded down $0.06 during midday trading on Friday, hitting $1.39. 14,723 shares of the stock were exchanged, compared to its average volume of 108,442. 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 1.45 and a current ratio of 1.45. The stock has a fifty day simple moving average of $1.20 and a 200 day simple moving average of $0.92. The firm has a market cap of $5.10 million, a P/E ratio of -5.56 and a beta of 0.84.
ZW Data Action Technologies (NASDAQ:CNET – Get Free Report) last posted its earnings results on Friday, August 14th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter. ZW Data Action Technologies had a negative return on equity of 20.22% and a negative net margin of 23.98%.The firm had revenue of $0.65 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.
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