ZW Data Action Technologies Inc. (NASDAQ:CNET) Sees Significant Increase in Short Interest

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 9,100 shares, a growth of 111.6% from the March 31st total of 4,300 shares. Based on an average daily volume of 29,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

ZW Data Action Technologies Trading Up 1.2 %

CNET traded up $0.01 during midday trading on Friday, hitting $0.99. The company had a trading volume of 13,995 shares, compared to its average volume of 20,174. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. ZW Data Action Technologies has a twelve month low of $0.69 and a twelve month high of $1.90. The firm’s 50-day simple moving average is $0.97 and its 200-day simple moving average is $0.93.

Analyst Upgrades and Downgrades

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

About ZW Data Action Technologies

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