ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Update

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 112,390 shares, an increase of 146.6% from the May 31st total of 45,580 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 1,079,563 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZW Data Action Technologies in a report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, ZW Data Action Technologies currently has a consensus rating of “Sell”.

ZW Data Action Technologies Price Performance

Shares of CNET stock traded down $0.04 on Tuesday, hitting $1.17. 97,649 shares of the company’s stock were exchanged, compared to its average volume of 332,002. The stock has a market cap of $4.29 million, a P/E ratio of -2.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.52 and a quick ratio of 1.52. ZW Data Action Technologies has a 12 month low of $0.57 and a 12 month high of $2.78. The company has a 50 day moving average of $0.80 and a 200 day moving average of $0.93.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings data on Friday, May 15th. The business services provider reported $0.04 earnings per share for the quarter. The business had revenue of $0.38 million for the quarter. ZW Data Action Technologies had a negative return on equity of 28.28% and a negative net margin of 33.30%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC bought a new position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned 1.13% of ZW Data Action Technologies at the end of the most recent quarter. Institutional investors own 0.01% of the company’s stock.

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.