ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Update

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a significant decline in short interest in 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. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 30,885 shares, the days-to-cover ratio is currently 2.0 days.

ZW Data Action Technologies Stock Performance

NASDAQ:CNET traded up $0.01 during trading on Monday, reaching $1.40. The company’s stock had a trading volume of 981 shares, compared to its average volume of 323,722. The firm has a market cap of $5.14 million, a price-to-earnings ratio of -5.60 and a beta of 0.84. 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 quick ratio of 1.45 and a current ratio of 1.45. The firm has a 50 day moving average of $1.20 and a 200-day moving average of $0.92.

ZW Data Action Technologies (NASDAQ:CNET) last posted its quarterly earnings results on Friday, August 14th. The business services provider reported ($0.10) earnings per share for the quarter. The company had revenue of $0.65 million for the quarter. ZW Data Action Technologies had a negative net margin of 23.98% and a negative return on equity of 20.22%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently bought a new position in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 Securities & Exchange Commission. 0.01% of the stock is currently owned by institutional investors.

ZW Data Action Technologies Company Profile

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.