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

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 18,300 shares, a decrease of 15.3% from the February 13th total of 21,600 shares. Based on an average trading volume of 40,200 shares, the short-interest ratio is presently 0.5 days. Approximately 1.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on ZW Data Action Technologies in a research report on Wednesday, March 12th. They set a “sell” rating on the stock.

ZW Data Action Technologies Stock Performance

Shares of CNET stock traded down $0.10 on Wednesday, hitting $1.44. 13,753 shares of the stock traded hands, compared to its average volume of 73,407. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $2.76 million, a PE ratio of -0.53 and a beta of 0.53. ZW Data Action Technologies has a 1-year low of $1.35 and a 1-year high of $4.53. The company’s fifty day moving average is $1.62 and its 200 day moving average is $1.86.

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.