ZW Data Action Technologies Inc. (NASDAQ:CNET) Sees Large Drop in Short Interest

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 18,300 shares, a decline of 15.3% from the February 13th total of 21,600 shares. Based on an average daily volume of 40,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of ZW Data Action Technologies in a research note on Thursday. They set a “sell” rating on the stock.

ZW Data Action Technologies Price Performance

CNET stock opened at $1.46 on Thursday. The company has a market cap of $2.82 million, a PE ratio of -0.54 and a beta of 0.53. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $1.85. ZW Data Action Technologies has a 12-month low of $1.35 and a 12-month high of $4.53.

About ZW Data Action Technologies

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.