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

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 144,612 shares, a growth of 495.6% from the July 15th total of 24,280 shares. Currently, 4.8% of the shares of the stock are short sold. Based on an average daily volume of 864,719 shares, the days-to-cover ratio is currently 0.2 days.

ZW Data Action Technologies Price Performance

CNET traded up $0.10 on Wednesday, reaching $1.42. The stock had a trading volume of 1,483 shares, compared to its average volume of 339,446. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $5.19 million, a price-to-earnings ratio of -3.37 and a beta of 0.84. ZW Data Action Technologies has a fifty-two week low of $0.57 and a fifty-two week high of $2.78. The firm has a 50-day moving average of $1.08 and a 200-day moving average of $0.90.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On ZW Data Action Technologies

An institutional investor recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC purchased a new position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.01% of the company’s stock.

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.