Short Interest in ZW Data Action Technologies Inc. (NASDAQ:CNET) Drops By 26.8%

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 9,065 shares, a decline of 26.8% from the January 15th total of 12,390 shares. Based on an average daily volume of 7,483 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 7,483 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZW Data Action Technologies in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently bought a new stake in ZW Data Action Technologies stock. DRW Securities LLC bought a new stake in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,262 shares of the business services provider’s stock, valued at approximately $29,000. DRW Securities LLC owned approximately 0.65% of ZW Data Action Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.

ZW Data Action Technologies Price Performance

Shares of NASDAQ:CNET opened at $0.85 on Friday. The firm’s 50 day moving average is $1.22 and its two-hundred day moving average is $1.59. The firm has a market capitalization of $2.76 million, a P/E ratio of -1.14 and a beta of 0.88. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. ZW Data Action Technologies has a 52 week low of $0.60 and a 52 week high of $2.78.

ZW Data Action Technologies (NASDAQ:CNET) last issued its quarterly earnings data on Friday, November 14th. The business services provider reported ($0.52) earnings per share (EPS) for the quarter. The business had revenue of $3.92 million during the quarter. ZW Data Action Technologies had a negative return on equity of 59.11% and a negative net margin of 33.25%.

About ZW Data Action Technologies

ZW Data Action Technologies, Inc provides cloud-based software and digital solutions for the insurance industry in China. Through its subsidiaries, the company offers a multi-tenant insurance platform designed to streamline policy administration, underwriting, claims processing and distribution management. Its core suite of SaaS products enables property and casualty carriers, life insurers, brokers and agents to launch new products quickly, automate routine processes and integrate data from third-party sources for enhanced decision-making.

Beyond its software offerings, ZW Data Action Technologies delivers business process outsourcing services via a dedicated call center that handles customer support, policy issuance, claims intake and other administrative functions.