Xunlei Limited (NASDAQ:XNET) Short Interest Up 32.1% in August

Xunlei Limited (NASDAQ:XNET) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,730,000 shares, a growth of 32.1% from the August 15th total of 1,310,000 shares. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is currently 1.6 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Xunlei from a “hold” rating to a “buy” rating in a report on Saturday, August 16th.

Xunlei Price Performance

Shares of NASDAQ XNET opened at $7.31 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.10 and a current ratio of 2.10. Xunlei has a one year low of $1.51 and a one year high of $8.80. The firm has a market capitalization of $457.31 million, a P/E ratio of 0.64 and a beta of 0.97. The company’s fifty day moving average is $5.90 and its two-hundred day moving average is $5.04.

Xunlei (NASDAQ:XNET) last announced its quarterly earnings data on Thursday, August 14th. The software maker reported $0.12 EPS for the quarter. The firm had revenue of $103.54 million during the quarter. Xunlei had a net margin of 202.62% and a return on equity of 4.50%. Xunlei has set its Q3 2025 guidance at EPS.

Institutional Investors Weigh In On Xunlei

Several institutional investors have recently modified their holdings of XNET. XTX Topco Ltd purchased a new position in Xunlei in the 1st quarter valued at approximately $98,000. Invesco Ltd. acquired a new stake in Xunlei in the first quarter valued at $197,000. Russell Investments Group Ltd. increased its position in shares of Xunlei by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker’s stock valued at $132,000 after buying an additional 5,190 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Xunlei in the first quarter valued at $1,965,000. Finally, NewEdge Advisors LLC raised its stake in shares of Xunlei by 9,106.5% during the 1st quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker’s stock worth $83,000 after buying an additional 18,213 shares during the last quarter. Hedge funds and other institutional investors own 5.07% of the company’s stock.

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.