ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Down 44.5% in October

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 29,500 shares, a decline of 44.5% from the October 15th total of 53,200 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 228,800 shares, the days-to-cover ratio is currently 0.1 days.

ZW Data Action Technologies Stock Performance

Shares of CNET stock traded down $0.06 during mid-day trading on Thursday, reaching $1.77. The stock had a trading volume of 46,105 shares, compared to its average volume of 71,740. ZW Data Action Technologies has a one year low of $1.60 and a one year high of $5.04. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $2.16 and its 200 day simple moving average is $2.75. The firm has a market cap of $3.86 million, a PE ratio of -0.74 and a beta of 0.63.

ZW Data Action Technologies (NASDAQ:CNET) last announced its quarterly earnings data on Friday, August 16th. The business services provider reported ($0.12) EPS for the quarter. ZW Data Action Technologies had a negative net margin of 18.42% and a negative return on equity of 67.57%. The firm had revenue of $6.42 million during the quarter.

Wall Street Analyst Weigh In

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

About ZW Data Action Technologies

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.