ZW Data Action Technologies Inc. (NASDAQ:CNET) Short Interest Up 111.6% in April

ZW Data Action Technologies Inc. (NASDAQ:CNET) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 9,100 shares, a growth of 111.6% from the March 31st total of 4,300 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Analyst Ratings Changes

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

ZW Data Action Technologies Stock Performance

Shares of CNET stock traded up $0.01 on Friday, hitting $0.99. 13,995 shares of the stock traded hands, compared to its average volume of 20,174. The company’s fifty day moving average is $0.97 and its 200 day moving average is $0.93. ZW Data Action Technologies has a 1-year low of $0.69 and a 1-year high of $1.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84.

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.