ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 20,310 shares, a decrease of 58.3% from the September 30th total of 48,711 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 28,097 shares, the days-to-cover ratio is presently 0.7 days.
ZW Data Action Technologies Trading Up 0.8%
NASDAQ:CNET opened at $0.86 on Friday. The stock’s 50 day moving average price is $1.36 and its 200 day moving average price is $1.04. The company has a market capitalization of $3.16 million, a PE ratio of -3.45 and a beta of 0.76. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.03. ZW Data Action Technologies has a 52-week low of $0.57 and a 52-week high of $2.87.
ZW Data Action Technologies (NASDAQ:CNET – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The business services provider reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.65 million during the quarter. ZW Data Action Technologies had a negative net margin of 23.98% and a negative return on equity of 20.22%.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, ZW Data Action Technologies presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on ZW Data Action Technologies
About ZW Data Action Technologies
ZW Data Action Technologies Inc, formerly known as ChinaNet Online Holdings, Inc, is a China-based provider of internet marketing and data-driven business services. The company helps small and medium-sized enterprises promote their products and services through online advertising, digital marketing, lead generation, search-engine marketing and related brand-development activities.
Its offerings have included website development and operation, online advertising placement, marketing campaign management, customer-acquisition services and data analytics designed to help businesses identify and reach prospective customers.
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