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

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 5,800 shares, a drop of 56.4% from the May 31st total of 13,300 shares. Based on an average daily volume of 20,700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

ZW Data Action Technologies Stock Performance

NASDAQ CNET traded down $0.05 during trading on Friday, reaching $0.71. 3,262 shares of the company’s stock were exchanged, compared to its average volume of 22,982. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. ZW Data Action Technologies has a fifty-two week low of $0.65 and a fifty-two week high of $1.45. The company’s fifty day simple moving average is $0.83 and its 200-day simple moving average is $0.90.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of ZW Data Action Technologies in a research report on Friday, June 21st. They set a “sell” rating on the stock.

ZW Data Action Technologies Company Profile

ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It 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.