ZW Data Action Technologies Inc. (NASDAQ:CNET) Sees Large Drop in Short Interest

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 18,300 shares, a drop of 15.3% from the February 13th total of 21,600 shares. Based on an average trading volume of 40,200 shares, the short-interest ratio is presently 0.5 days. Approximately 1.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

ZW Data Action Technologies Price Performance

Shares of NASDAQ CNET opened at $1.46 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.65. ZW Data Action Technologies has a 1-year low of $1.35 and a 1-year high of $4.53. The company has a market capitalization of $2.82 million, a price-to-earnings ratio of -0.54 and a beta of 0.53. The business has a 50-day moving average of $1.61 and a 200-day moving average of $1.85.

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.