Xunlei Limited (NASDAQ:XNET) Short Interest Up 77.4% in January

Xunlei Limited (NASDAQ:XNET) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 110,500 shares, a growth of 77.4% from the January 15th total of 62,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 172,900 shares, the short-interest ratio is presently 0.6 days.

Xunlei Stock Up 13.1 %

XNET stock opened at $3.55 on Friday. Xunlei has a twelve month low of $1.45 and a twelve month high of $3.58. The company has a quick ratio of 2.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.04. The firm has a market cap of $225.03 million, a PE ratio of 15.43 and a beta of 1.06. The business has a 50 day moving average of $2.31 and a 200 day moving average of $1.99.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Xunlei from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XNET. Public Employees Retirement System of Ohio bought a new position in Xunlei during the 3rd quarter valued at approximately $109,000. Marshall Wace LLP bought a new position in Xunlei during the 4th quarter valued at approximately $84,000. Sei Investments Co. bought a new position in Xunlei during the 4th quarter valued at approximately $53,000. Russell Investments Group Ltd. purchased a new stake in Xunlei during the 4th quarter valued at $52,000. Finally, Two Sigma Securities LLC purchased a new stake in Xunlei during the 4th quarter valued at $36,000. Institutional investors own 5.07% of the company’s stock.

Xunlei Company Profile

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.