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

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 13,400 shares, a decrease of 26.8% from the February 28th total of 18,300 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 38,500 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

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

ZW Data Action Technologies Stock Down 2.0 %

NASDAQ:CNET opened at $1.48 on Tuesday. ZW Data Action Technologies has a 52 week low of $1.35 and a 52 week high of $4.53. The stock’s fifty day moving average is $1.59 and its two-hundred day moving average is $1.82. The stock has a market capitalization of $2.85 million, a price-to-earnings ratio of -0.55 and a beta of 0.53. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.03.

About ZW Data Action Technologies

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.