Xunlei Limited (NASDAQ:XNET) Short Interest Down 12.9% in February

Xunlei Limited (NASDAQ:XNET) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 96,300 shares, a decline of 12.9% from the January 31st total of 110,500 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 202,900 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

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

Institutional Trading of Xunlei

Several large investors have recently added to or reduced their stakes in XNET. Two Sigma Securities LLC bought a new stake in Xunlei during the fourth quarter worth about $36,000. Russell Investments Group Ltd. bought a new stake in Xunlei during the fourth quarter worth about $52,000. Sei Investments Co. acquired a new position in shares of Xunlei during the fourth quarter worth approximately $53,000. Marshall Wace LLP acquired a new position in shares of Xunlei during the fourth quarter worth approximately $84,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Xunlei during the third quarter worth approximately $109,000. 5.07% of the stock is owned by institutional investors.

Xunlei Price Performance

Shares of Xunlei stock opened at $4.25 on Thursday. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $269.42 million, a price-to-earnings ratio of 18.48 and a beta of 1.06. Xunlei has a 1-year low of $1.45 and a 1-year high of $4.80. The firm’s 50-day moving average price is $2.62 and its two-hundred day moving average price is $2.15.

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.