ZW Data Action Technologies Inc. (NASDAQ:CNET) Shares Shorted: Short Interest Down 58.3% in October

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 20,310 shares, a decline of 58.3% from the September 30th total of 48,711 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 28,097 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised ZW Data Action Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, ZW Data Action Technologies presently has a consensus rating of “Sell”.

ZW Data Action Technologies Trading Up 0.8%

Shares of CNET traded up $0.01 during mid-day trading on Friday, reaching $0.86. The company’s stock had a trading volume of 9,694 shares, compared to its average volume of 397,658. The company’s fifty day moving average price is $1.37 and its two-hundred day moving average price is $1.04. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. ZW Data Action Technologies has a 52 week low of $0.57 and a 52 week high of $2.87. The stock has a market cap of $3.16 million, a PE ratio of -3.45 and a beta of 0.76.

ZW Data Action Technologies (NASDAQ:CNET) last posted its earnings results on Friday, August 14th. The business services provider reported ($0.10) EPS for the quarter. ZW Data Action Technologies had a negative return on equity of 20.22% and a negative net margin of 23.98%. The company had revenue of $0.65 million during the quarter.

About ZW Data Action Technologies

ZW Data Action Technologies Inc, formerly known as ChinaNet Online Holdings, Inc, is a China-based provider of internet marketing and data-driven business services. The company helps small and medium-sized enterprises promote their products and services through online advertising, digital marketing, lead generation, search-engine marketing and related brand-development activities.

Its offerings have included website development and operation, online advertising placement, marketing campaign management, customer-acquisition services and data analytics designed to help businesses identify and reach prospective customers.