ZW Data Action Technologies Inc. (NASDAQ:CNET) Sees Large Decline in Short Interest

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 21,600 shares, a decrease of 50.9% from the December 15th total of 44,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 43,800 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on ZW Data Action Technologies in a research report on Tuesday, January 7th. They set a “sell” rating for the company.

ZW Data Action Technologies Stock Down 9.9 %

CNET stock traded down $0.17 during midday trading on Tuesday, hitting $1.51. The company’s stock had a trading volume of 38,216 shares, compared to its average volume of 16,083. ZW Data Action Technologies has a 52-week low of $1.47 and a 52-week high of $4.96. The firm has a market capitalization of $2.92 million, a P/E ratio of -0.56 and a beta of 0.58. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $1.76 and a 200-day simple moving average of $2.28.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, offers omni-channel advertising, precision marketing, and data analysis management systems in the People’s Republic of China. The company offers Internet advertising, precision marketing, and related data services to small and medium enterprises through its Internet portals, including 28.com and liansuo.com that provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/or resellers.