Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Rises By 111.6%

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 9,100 shares, an increase of 111.6% from the March 31st total of 4,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 29,000 shares, the short-interest ratio is presently 0.3 days.

ZW Data Action Technologies Stock Up 0.5 %

NASDAQ CNET traded up $0.01 on Friday, hitting $0.99. The company had a trading volume of 13,995 shares, compared to its average volume of 25,635. The company’s fifty day moving average price is $0.97 and its 200-day moving average price is $0.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. ZW Data Action Technologies has a 12-month low of $0.69 and a 12-month high of $1.90.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of ZW Data Action Technologies in a research note on Friday. They issued a “sell” rating for the company.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It 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.