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

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 9,065 shares, a decrease of 26.8% from the January 15th total of 12,390 shares. Based on an average daily volume of 7,483 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 7,483 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ZW Data Action Technologies in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZW Data Action Technologies stock. Citadel Advisors LLC bought a new stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned approximately 1.13% of ZW Data Action Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.01% of the company’s stock.

ZW Data Action Technologies Stock Up 13.6%

Shares of CNET traded up $0.10 during mid-day trading on Friday, reaching $0.85. 116,112 shares of the company were exchanged, compared to its average volume of 1,170,968. The business has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $1.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.41 and a quick ratio of 1.41. ZW Data Action Technologies has a 52 week low of $0.60 and a 52 week high of $2.78.

ZW Data Action Technologies (NASDAQ:CNET) last released its earnings results on Friday, November 14th. The business services provider reported ($0.52) earnings per share for the quarter. The firm had revenue of $3.92 million for the quarter. ZW Data Action Technologies had a negative net margin of 33.25% and a negative return on equity of 59.11%.

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.