ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Update

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 13,400 shares, a decline of 26.8% from the February 28th total of 18,300 shares. Based on an average daily volume of 38,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, StockNews.com started coverage on ZW Data Action Technologies in a research note on Friday. They set a “sell” rating on the stock.

ZW Data Action Technologies Price Performance

NASDAQ CNET traded down $0.02 during midday trading on Monday, hitting $1.49. The company had a trading volume of 6,179 shares, compared to its average volume of 74,213. The firm has a 50-day moving average price of $1.60 and a 200-day moving average price of $1.83. The company has a market capitalization of $2.88 million, a PE ratio of -0.55 and a beta of 0.53. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. ZW Data Action Technologies has a twelve month low of $1.35 and a twelve month high of $4.53.

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.