Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Expands By 1,993.5%

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 189,778 shares, a growth of 1,993.5% from the January 29th total of 9,065 shares. Based on an average trading volume of 2,228,376 shares, the days-to-cover ratio is currently 0.1 days. Currently, 6.6% of the shares of the stock are short sold. Currently, 6.6% of the shares of the stock are short sold. Based on an average trading volume of 2,228,376 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ZW Data Action Technologies in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

ZW Data Action Technologies Price Performance

NASDAQ:CNET opened at $0.84 on Friday. ZW Data Action Technologies has a 12-month low of $0.60 and a 12-month high of $2.78. The firm has a market cap of $2.75 million, a price-to-earnings ratio of -1.14 and a beta of 0.88. The company’s 50-day moving average is $1.12 and its two-hundred day moving average is $1.55. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC purchased a new position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned 0.65% of ZW Data Action Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.

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.