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

Posted by Paula Ricardo on Nov 13th, 2024

ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Free Report) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 29,500 shares, a decline of 44.5% from the October 15th total of 53,200 shares. Based on an average daily trading volume, of 228,800 shares, the short-interest ratio is currently 0.1 days. Currently, 1.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of ZW Data Action Technologies in a research note on Tuesday. They set a “sell” rating on the stock.

View Our Latest Stock Analysis on CNET

ZW Data Action Technologies Stock Down 5.2 %

Shares of CNET traded down $0.10 during mid-day trading on Wednesday, reaching $1.83. The company had a trading volume of 47,556 shares, compared to its average volume of 71,855. ZW Data Action Technologies has a 1-year low of $1.60 and a 1-year high of $5.04. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.02. The company’s 50 day simple moving average is $2.16 and its 200 day simple moving average is $2.76.

ZW Data Action Technologies (NASDAQ:CNET – Get Free Report) last posted its quarterly earnings data on Friday, August 16th. The business services provider reported ($0.12) earnings per share for the quarter. ZW Data Action Technologies had a negative net margin of 18.42% and a negative return on equity of 67.57%. The company had revenue of $6.42 million during the quarter.

ZW Data Action Technologies Company Profile

(Get Free Report)

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.