Xunlei Ltd (NASDAQ:XNET) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,388,900 shares, an increase of 38.3% from the May 30th total of 1,004,600 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 584,600 shares, the days-to-cover ratio is currently 2.4 days.
Institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. acquired a new position in Xunlei in the fourth quarter worth $98,000. Toroso Investments LLC bought a new stake in shares of Xunlei during the fourth quarter worth $1,006,000. CSat Investment Advisory L.P. raised its position in shares of Xunlei by 12.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 295,904 shares of the software maker’s stock worth $1,006,000 after acquiring an additional 33,142 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Xunlei during the fourth quarter worth $617,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Xunlei by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 111,322 shares of the software maker’s stock worth $381,000 after acquiring an additional 7,208 shares during the last quarter. 11.50% of the stock is currently owned by institutional investors.
Separately, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.
Xunlei stock opened at $2.61 on Friday. The company has a current ratio of 3.34, a quick ratio of 3.20 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $2.51. Xunlei has a 52 week low of $1.99 and a 52 week high of $12.60.
Xunlei (NASDAQ:XNET) last posted its quarterly earnings data on Monday, May 13th. The software maker reported ($0.13) EPS for the quarter. The business had revenue of $41.04 million during the quarter. Xunlei had a negative return on equity of 15.42% and a negative net margin of 28.88%.
Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.
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