Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Declines By 26.8%

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 13,400 shares, a decline of 26.8% from the February 28th total of 18,300 shares. Based on an average daily trading volume, of 38,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.7% of the shares of the company are short sold.

Analyst Ratings Changes

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

ZW Data Action Technologies Stock Up 0.7 %

NASDAQ CNET opened at $1.53 on Friday. ZW Data Action Technologies has a 1-year low of $1.35 and a 1-year high of $4.53. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $1.60 and its two-hundred day moving average is $1.83. The company has a market capitalization of $2.95 million, a price-to-earnings ratio of -0.57 and a beta of 0.53.

ZW Data Action Technologies Company Profile

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.