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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of ZW Data Action Technologies in a research note on Wednesday, March 12th. They set a “sell” rating on the stock.

ZW Data Action Technologies Stock Down 6.2 %

CNET stock traded down $0.10 during trading on Wednesday, reaching $1.44. The stock had a trading volume of 13,753 shares, compared to its average volume of 73,407. The company has a market capitalization of $2.76 million, a P/E ratio of -0.53 and a beta of 0.53. ZW Data Action Technologies has a 1-year low of $1.35 and a 1-year high of $4.53. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $1.62 and a 200 day moving average price of $1.86.

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.