ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Down 44.5% in October

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 29,500 shares, a drop of 44.5% from the October 15th total of 53,200 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 228,800 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of ZW Data Action Technologies in a research note on Tuesday. They set a “sell” rating for the company.

ZW Data Action Technologies Stock Down 3.3 %

NASDAQ:CNET traded down $0.06 during trading hours on Thursday, reaching $1.77. The company had a trading volume of 46,105 shares, compared to its average volume of 71,740. The firm has a market cap of $3.86 million, a price-to-earnings ratio of -0.74 and a beta of 0.63. The business’s 50-day simple moving average is $2.16 and its two-hundred day simple moving average is $2.75. ZW Data Action Technologies has a twelve month low of $1.60 and a twelve month high of $5.04. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.02.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings results on Friday, August 16th. The business services provider reported ($0.12) earnings per share for the quarter. The firm had revenue of $6.42 million for 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

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.