ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Up 27.9% in July

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ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Rating) saw significant growth in short-term interest in the month of July. As of July 31, there was short interest totaling 244,000 shares, up 27.9% from the July 15 total of 190,700 shares. Based on an average daily volume of 553,800 shares, the short interest ratio is currently 0.4 days. Approximately 0.8% of the company’s shares are sold short.

ZW Data Action Technologies stock up 1.0%

CNET stock opened at $1.04 on Friday. The company’s 50-day moving average price is $0.54 and its 200-day moving average price is $0.58. The company has a debt ratio of 0.01, a quick ratio of 2.48 and a current ratio of 2.48. ZW Data Action Technologies has a fifty-two week low of $0.28 and a fifty-two week high of $1.73. The company has a market capitalization of $36.85 million, a price-earnings ratio of -8.67 and a beta of 1.98.

ZW Data Action Technologies (NASDAQ:CNET – Get Rating) last reported results on Tuesday, May 17. The business services provider reported ($0.02) earnings per share for the quarter. ZW Data Action Technologies posted a negative return on equity of 19.09% and a negative net margin of 8.92%. The company had revenue of $7.65 million for the quarter.

ZW Data Action Technologies Institutional Trading

A hedge fund recently increased its stake in shares of ZW Data Action Technologies. Renaissance Technologies LLC increased its stake in ZW Data Action Technologies Inc. (NASDAQ:CNET – Get Rating) by 771.7% in the second quarter, according to its latest disclosure to the Securities & Exchange Commission. The institutional investor held 144,697 shares of the business services provider after purchasing an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of ZW Data Action Technologies worth $49,000 when it last filed with the SEC. 1.12% of the shares are currently held by institutional investors.

Analysts set new price targets

Separately, StockNews.com began covering ZW Data Action Technologies shares in a research note on Tuesday. They put a “sell” mark on the stock.

About ZW Data Action Technologies

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ZW Data Action Technologies Inc, through its subsidiaries, provides omnichannel advertising, precision marketing and data analytics management systems in the People‘s Republic of China. It offers Internet advertising, precision marketing and related data services through its Internet portals, including 28.com and liansuo.com, which provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors and/or resellers.

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