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

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 94,159 shares, a growth of 21.9% from the February 26th total of 77,255 shares. Based on an average trading volume of 11,966 shares, the short-interest ratio is currently 7.9 days. Currently, 3.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new stake in ZW Data Action Technologies Inc. (NASDAQ:CNET) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned 1.13% of ZW Data Action Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.

ZW Data Action Technologies Stock Performance

Shares of CNET traded up $0.04 during midday trading on Tuesday, hitting $0.72. 4,204 shares of the stock traded hands, compared to its average volume of 395,482. The business’s 50 day moving average price is $0.89 and its two-hundred day moving average price is $1.44. The firm has a market capitalization of $2.36 million, a PE ratio of -0.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.41. ZW Data Action Technologies has a 1-year low of $0.60 and a 1-year high of $2.78.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZW Data Action Technologies in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZW Data Action Technologies 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.