Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Expands By 146.6%

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZW Data Action Technologies stock. DRW Securities LLC purchased a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned 0.65% of ZW Data Action Technologies at the end of the most recent quarter. 0.01% of the stock is owned by institutional investors.

ZW Data Action Technologies Stock Performance

CNET stock traded down $0.11 during mid-day trading on Wednesday, reaching $1.10. The company had a trading volume of 20,473 shares, compared to its average volume of 330,311. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $4.03 million, a P/E ratio of -2.62 and a beta of 1.02. ZW Data Action Technologies has a one year low of $0.57 and a one year high of $2.78. The stock’s 50-day simple moving average is $0.81 and its two-hundred day simple moving average is $0.92.

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

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.