ZW Data Action Technologies Inc. (NASDAQ:CNET) Sees Large Decline in Short Interest

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,300 shares, a decrease of 10.4% from the March 15th total of 4,800 shares. Based on an average trading volume of 27,100 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of ZW Data Action Technologies

An institutional investor recently raised its position in ZW Data Action Technologies stock. Renaissance Technologies LLC grew its holdings in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 144,697 shares of the business services provider’s stock after buying an additional 128,097 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on ZW Data Action Technologies in a report on Wednesday, April 10th. They issued a “sell” rating on the stock.

ZW Data Action Technologies Stock Down 1.0 %

Shares of CNET stock opened at $1.00 on Wednesday. The business’s 50 day simple moving average is $0.96 and its 200 day simple moving average is $0.92. ZW Data Action Technologies has a one year low of $0.69 and a one year high of $1.90. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It offers Internet advertising, precision marketing, and related data services to small and medium enterprises through its Internet portals, including 28.com and liansuo.com that provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/or resellers.