Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Increases By 21.9%

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 94,159 shares, an increase of 21.9% from the February 26th total of 77,255 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 11,966 shares, the days-to-cover ratio is currently 7.9 days.

ZW Data Action Technologies Stock Up 9.4%

Shares of NASDAQ:CNET traded up $0.07 during trading on Wednesday, hitting $0.76. 28,729 shares of the company were exchanged, compared to its average volume of 389,568. The firm’s 50 day moving average price is $0.87 and its 200-day moving average price is $1.43. 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 0.04, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $2.47 million, a P/E ratio of -1.02 and a beta of 0.88.

ZW Data Action Technologies (NASDAQ:CNET) last announced its earnings results on Tuesday, March 31st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $0.70 million during the quarter. ZW Data Action Technologies had a negative net margin of 33.25% and a negative return on equity of 59.11%.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, ZW Data Action Technologies currently has an average rating of “Sell”.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC bought a new position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.01% of the company’s stock.

About ZW Data Action Technologies

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.