Xunlei Limited (NASDAQ:XNET) saw unusually large options trading on Tuesday. Traders bought 1,835 put options on the stock. This represents an increase of 684% compared to the average daily volume of 234 put options.

A number of research firms have recently issued reports on XNET. ValuEngine upgraded Xunlei Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub upgraded Xunlei Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, TheStreet upgraded Xunlei Limited from a “d+” rating to a “c-” rating in a research report on Monday, November 13th.

Several hedge funds have recently bought and sold shares of XNET. Dimensional Fund Advisors LP lifted its holdings in Xunlei Limited by 92.2% in the third quarter. Dimensional Fund Advisors LP now owns 52,378 shares of the software maker’s stock valued at $223,000 after acquiring an additional 25,130 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in Xunlei Limited by 234.8% in the third quarter. Susquehanna International Group LLP now owns 60,218 shares of the software maker’s stock valued at $256,000 after acquiring an additional 42,230 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Xunlei Limited in the third quarter valued at approximately $300,000. Finally, State Street Corp lifted its holdings in Xunlei Limited by 8.6% in the second quarter. State Street Corp now owns 99,693 shares of the software maker’s stock valued at $323,000 after acquiring an additional 7,880 shares during the last quarter. Institutional investors and hedge funds own 11.67% of the company’s stock.

Shares of Xunlei Limited (XNET) opened at $23.98 on Friday. Xunlei Limited has a 52-week low of $3.11 and a 52-week high of $24.29.

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About Xunlei Limited

Xunlei Limited (Xunlei) is a cloud-based acceleration technology company. The Company operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The Company’s segment is the operation of its online media platform. The Company’s products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability.

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