Xunlei Limited (NASDAQ:XNET) Short Interest Down 66.0% in November

Xunlei Limited (NASDAQ:XNET) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 19,000 shares, a drop of 66.0% from the November 15th total of 55,900 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 151,700 shares, the short-interest ratio is currently 0.1 days.

Xunlei Price Performance

XNET stock traded down $0.01 during mid-day trading on Wednesday, reaching $2.11. 62,014 shares of the company traded hands, compared to its average volume of 86,644. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. The company has a market capitalization of $133.75 million, a P/E ratio of 9.22 and a beta of 1.06. Xunlei has a 52-week low of $1.45 and a 52-week high of $2.41. The company has a fifty day moving average price of $2.02 and a 200-day moving average price of $1.80.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Xunlei from a “buy” rating to a “strong-buy” rating in a research note on Monday.

Institutional Investors Weigh In On Xunlei

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Xunlei during the 3rd quarter valued at $109,000. Acadian Asset Management LLC grew its holdings in shares of Xunlei by 20.9% in the second quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker’s stock worth $294,000 after purchasing an additional 30,515 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Xunlei by 3.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock worth $555,000 after purchasing an additional 10,276 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Xunlei by 42.8% in the second quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock worth $40,000 after purchasing an additional 7,220 shares during the last quarter. 5.07% of the stock is currently owned by institutional investors.

Xunlei Company Profile

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.