Xunlei Limited (NASDAQ:XNET) Sees Large Increase in Short Interest

Xunlei Limited (NASDAQ:XNET) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 110,500 shares, a growth of 77.4% from the January 15th total of 62,300 shares. Based on an average daily volume of 172,900 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Xunlei Trading Up 2.2 %

XNET opened at $3.20 on Thursday. The firm’s fifty day simple moving average is $2.26 and its 200 day simple moving average is $1.97. The stock has a market capitalization of $202.85 million, a P/E ratio of 13.91 and a beta of 1.06. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. Xunlei has a 12 month low of $1.45 and a 12 month high of $3.31.

Analysts Set New Price Targets

Separately, StockNews.com raised Xunlei from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

Institutional Trading of Xunlei

A number of institutional investors have recently modified their holdings of XNET. Sei Investments Co. acquired a new stake in Xunlei in the 4th quarter valued at approximately $53,000. Public Employees Retirement System of Ohio acquired a new position in Xunlei during the 3rd quarter worth approximately $109,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Xunlei by 3.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock worth $555,000 after acquiring an additional 10,276 shares in the last quarter. 5.07% of the stock is currently owned by institutional investors.

About Xunlei

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.