Xunlei Limited (NASDAQ:XNET) Short Interest Down 12.9% in February

Xunlei Limited (NASDAQ:XNET) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 96,300 shares, a decrease of 12.9% from the January 31st total of 110,500 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 202,900 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Xunlei

Several large investors have recently bought and sold shares of the business. Two Sigma Securities LLC acquired a new position in Xunlei in the fourth quarter valued at approximately $36,000. Marshall Wace LLP acquired a new position in Xunlei in the fourth quarter valued at approximately $84,000. Russell Investments Group Ltd. acquired a new position in Xunlei in the fourth quarter valued at approximately $52,000. Sei Investments Co. acquired a new position in Xunlei in the fourth quarter valued at approximately $53,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Xunlei in the third quarter valued at approximately $109,000. 5.07% of the stock is currently owned by institutional investors and hedge funds.

Xunlei Trading Up 12.4 %

Shares of NASDAQ XNET opened at $4.25 on Thursday. The company’s 50 day simple moving average is $2.62 and its 200 day simple moving average is $2.15. Xunlei has a fifty-two week low of $1.45 and a fifty-two week high of $4.80. The firm has a market capitalization of $269.42 million, a P/E ratio of 18.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91.

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.