Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 54,600 shares, an increase of 187.4% from the November 30th total of 19,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 165,500 shares, the short-interest ratio is currently 0.3 days.

Xunlei Stock Down 1.9 %

Shares of XNET stock opened at $2.06 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. Xunlei has a 12 month low of $1.45 and a 12 month high of $2.41. The stock has a market cap of $130.59 million, a P/E ratio of 8.96 and a beta of 1.06. The company has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $1.83.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Xunlei from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 17th.

Institutional Trading of Xunlei

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its holdings in Xunlei by 42.8% in the 2nd quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock worth $40,000 after purchasing an additional 7,220 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Xunlei by 3.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock valued at $555,000 after purchasing an additional 10,276 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Xunlei by 20.9% in the second quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker’s stock worth $294,000 after buying an additional 30,515 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Xunlei during the 3rd quarter valued at approximately $109,000. Institutional investors own 5.07% of the company’s stock.

Xunlei Company Profile

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.