ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Down 10.4% in March

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 4,300 shares, a decrease of 10.4% from the March 15th total of 4,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC lifted its holdings in ZW Data Action Technologies Inc. (NASDAQ:CNET) by 771.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,697 shares of the business services provider’s stock after acquiring an additional 128,097 shares during the quarter. Renaissance Technologies LLC owned 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of ZW Data Action Technologies in a research note on Wednesday, April 10th. They set a “sell” rating on the stock.

ZW Data Action Technologies Trading Down 2.9 %

Shares of ZW Data Action Technologies stock opened at $1.00 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. ZW Data Action Technologies has a 12-month low of $0.69 and a 12-month high of $1.91. The firm’s 50 day simple moving average is $0.95 and its two-hundred day simple moving average is $0.92.

About ZW Data Action Technologies

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.