ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Up 21.9% in March

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 94,159 shares, a growth of 21.9% from the February 26th total of 77,255 shares. Based on an average daily volume of 11,966 shares, the short-interest ratio is presently 7.9 days. Approximately 3.3% of the shares of the company are sold short.

ZW Data Action Technologies Stock Performance

CNET stock traded down $0.00 during trading on Monday, hitting $0.68. The company had a trading volume of 8,843 shares, compared to its average volume of 9,835. The firm has a market cap of $2.21 million, a PE ratio of -0.91 and a beta of 0.88. ZW Data Action Technologies has a 1-year low of $0.60 and a 1-year high of $2.78. The firm has a 50-day moving average price of $0.90 and a 200-day moving average price of $1.45. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ZW Data Action Technologies in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZW Data Action Technologies presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZW Data Action Technologies stock. Citadel Advisors LLC purchased a new position in shares of ZW Data Action Technologies Inc. (NASDAQ:CNET) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,837 shares of the business services provider’s stock, valued at approximately $86,000. Citadel Advisors LLC owned about 1.13% of ZW Data Action Technologies at the end of the most recent reporting period. 0.01% of the stock is currently owned by institutional investors and hedge funds.

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.