Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Declines By 26.8%

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 9,065 shares, a drop of 26.8% from the January 15th total of 12,390 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 7,483 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 7,483 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are short sold.

ZW Data Action Technologies Stock Performance

NASDAQ:CNET opened at $0.85 on Monday. The stock has a 50-day moving average price of $1.22 and a 200 day moving average price of $1.59. The stock has a market capitalization of $2.76 million, a P/E ratio of -1.14 and a beta of 0.88. ZW Data Action Technologies has a 12-month low of $0.60 and a 12-month high of $2.78. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings results on Friday, November 14th. The business services provider reported ($0.52) earnings per share for the quarter. ZW Data Action Technologies had a negative return on equity of 59.11% and a negative net margin of 33.25%.The business had revenue of $3.92 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZW Data Action Technologies stock. Citadel Advisors LLC acquired a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned 1.13% of ZW Data Action Technologies at the end of the most recent reporting period. Institutional investors own 0.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ZW Data Action Technologies in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZW Data Action Technologies has an average rating of “Sell”.

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.