Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 110,500 shares, an increase of 77.4% from the January 15th total of 62,300 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 172,900 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Xunlei

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in Xunlei in the 4th quarter valued at approximately $52,000. Sei Investments Co. bought a new stake in shares of Xunlei in the fourth quarter valued at approximately $53,000. Marshall Wace LLP acquired a new stake in shares of Xunlei in the fourth quarter worth $84,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Xunlei in the third quarter worth $109,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in 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 worth $555,000 after acquiring an additional 10,276 shares during the period. Institutional investors and hedge funds own 5.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Xunlei from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

Xunlei Stock Performance

XNET stock opened at $3.14 on Friday. The firm has a 50 day moving average of $2.26 and a two-hundred day moving average of $1.97. Xunlei has a 12 month low of $1.45 and a 12 month high of $3.31. The company has a market capitalization of $199.04 million, a price-to-earnings ratio of 13.65 and a beta of 1.06. The company has a quick ratio of 2.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.04.

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.