ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Down 50.9% in December

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 21,600 shares, a drop of 50.9% from the December 15th total of 44,000 shares. Based on an average daily trading volume, of 43,800 shares, the short-interest ratio is presently 0.5 days. Approximately 1.2% of the shares of the company are sold short.

ZW Data Action Technologies Stock Performance

ZW Data Action Technologies stock traded down $0.17 during midday trading on Tuesday, hitting $1.51. The stock had a trading volume of 38,216 shares, compared to its average volume of 16,083. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. ZW Data Action Technologies has a 52-week low of $1.47 and a 52-week high of $4.96. The company has a market capitalization of $2.92 million, a PE ratio of -0.56 and a beta of 0.58. The firm’s fifty day moving average is $1.76 and its two-hundred day moving average is $2.28.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of ZW Data Action Technologies in a research note on Tuesday, January 7th. They set a “sell” rating for the company.

ZW Data Action Technologies Company Profile

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.