ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Update

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 24,280 shares, a decline of 76.1% from the June 30th total of 101,455 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 28,404 shares, the days-to-cover ratio is presently 0.9 days.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZW Data Action Technologies in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

ZW Data Action Technologies Stock Performance

NASDAQ:CNET opened at $1.00 on Tuesday. The company has a market cap of $3.67 million, a price-to-earnings ratio of -2.38 and a beta of 0.85. The stock’s 50 day simple moving average is $0.91 and its two-hundred day simple moving average is $0.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.52 and a quick ratio of 1.52. ZW Data Action Technologies has a 1 year low of $0.57 and a 1 year high of $2.78.

ZW Data Action Technologies (NASDAQ:CNET) last released its quarterly earnings data on Friday, May 15th. The business services provider reported $0.04 EPS for the quarter. ZW Data Action Technologies had a negative net margin of 33.30% and a negative return on equity of 28.28%. The business had revenue of $0.38 million during the quarter.

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.