Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Drops By 26.8%

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 9,065 shares, a decline of 26.8% from the January 15th total of 12,390 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 7,483 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 7,483 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the shares of the stock are sold short.

ZW Data Action Technologies Stock Up 13.6%

CNET stock opened at $0.85 on Friday. The company has a 50 day moving average price of $1.22 and a two-hundred day moving average price of $1.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $2.76 million, a P/E ratio of -1.14 and a beta of 0.88. ZW Data Action Technologies has a one year low of $0.60 and a one year high of $2.78.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings results on Friday, November 14th. The business services provider reported ($0.52) EPS for the quarter. ZW Data Action Technologies had a negative return on equity of 59.11% and a negative net margin of 33.25%.The company had revenue of $3.92 million for the quarter.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC acquired a new position in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned approximately 0.65% of ZW Data Action Technologies at the end of the most recent reporting period. 0.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ZW Data Action Technologies in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

ZW Data Action Technologies Company Profile

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.