Xunlei Ltd (NASDAQ:XNET) Short Interest Update

Xunlei Ltd (NASDAQ:XNET) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 1,388,900 shares, a growth of 38.3% from the May 30th total of 1,004,600 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 584,600 shares, the days-to-cover ratio is presently 2.4 days.

Shares of Xunlei stock opened at $2.61 on Friday. Xunlei has a 1 year low of $1.99 and a 1 year high of $12.60. The stock has a 50-day simple moving average of $2.51. The company has a quick ratio of 3.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.04.

Xunlei (NASDAQ:XNET) last announced its quarterly earnings results on Monday, May 13th. The software maker reported ($0.13) earnings per share (EPS) for the quarter. Xunlei had a negative return on equity of 15.42% and a negative net margin of 28.88%. The business had revenue of $41.04 million during the quarter.



Several hedge funds have recently bought and sold shares of XNET. Toroso Investments LLC acquired a new position in shares of Xunlei during the fourth quarter worth about $1,006,000. Deutsche Bank AG boosted its position in shares of Xunlei by 22,667.3% during the fourth quarter. Deutsche Bank AG now owns 248,391 shares of the software maker’s stock worth $844,000 after buying an additional 247,300 shares during the period. Two Sigma Investments LP acquired a new position in shares of Xunlei during the fourth quarter worth about $617,000. RBF Capital LLC acquired a new position in shares of Xunlei during the fourth quarter worth about $241,000. Finally, SG Americas Securities LLC acquired a new position in shares of Xunlei during the first quarter worth about $212,000. 11.50% of the stock is owned by institutional investors.

Separately, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

Xunlei Company Profile

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

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