Xunlei Limited (NASDAQ:XNET – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 33,600 shares, an increase of 37.1% from the May 31st total of 24,500 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 70,000 shares, the days-to-cover ratio is currently 0.5 days.
Xunlei Stock Down 1.5 %
XNET stock opened at $1.68 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.45 and a quick ratio of 2.44. Xunlei has a 12 month low of $1.36 and a 12 month high of $2.09. The firm has a market capitalization of $108.15 million, a PE ratio of 6.22 and a beta of 1.14. The company’s 50 day simple moving average is $1.72 and its 200-day simple moving average is $1.59.
Xunlei (NASDAQ:XNET – Get Free Report) last released its quarterly earnings results on Thursday, May 16th. The software maker reported $0.06 earnings per share for the quarter. Xunlei had a return on equity of 5.23% and a net margin of 4.85%. The company had revenue of $79.98 million during the quarter.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Xunlei in a research note on Sunday, May 26th. They issued a “buy” rating on the stock.
Read Our Latest Analysis on XNET
About Xunlei
Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.
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