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

Posted by Latisha Jones on Oct 15th, 2024

ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 280,600 shares, a growth of 33.5% from the September 15th total of 210,200 shares. Based on an average daily volume of 205,200 shares, the short-interest ratio is currently 1.4 days. Currently, 15.6% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on ZW Data Action Technologies in a report on Friday. They issued a “sell” rating for the company.

Check Out Our Latest Analysis on ZW Data Action Technologies

ZW Data Action Technologies Stock Up 6.5 %

NASDAQ:CNET traded up $0.12 during trading hours on Tuesday, reaching $1.98. The company’s stock had a trading volume of 33,579 shares, compared to its average volume of 71,618. The company has a market capitalization of $14.27 million, a P/E ratio of -2.41 and a beta of 0.55. ZW Data Action Technologies has a 12 month low of $1.61 and a 12 month high of $5.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a 50 day moving average price of $1.07 and a two-hundred day moving average price of $0.92.

ZW Data Action Technologies (NASDAQ:CNET – Get Free Report) last issued its quarterly earnings data on Friday, August 16th. The business services provider reported ($0.03) EPS for the quarter. The business had revenue of $6.42 million during the quarter. ZW Data Action Technologies had a negative return on equity of 67.57% and a negative net margin of 18.42%.

About ZW Data Action Technologies

(Get Free Report)

ZW Data Action Technologies Inc, through its subsidiaries, offers omni-channel advertising, precision marketing, and data analysis management systems in the People’s Republic of China. The company 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.