Xunlei Limited (NASDAQ:XNET – Get Rating) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 20,000 shares, a drop of 51.0% from the January 15th total of 40,800 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 163,500 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Xunlei by 60.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 271,871 shares of the software maker's stock valued at $495,000 after buying an additional 102,595 shares during the period. Jane Street Group LLC acquired a new stake in shares of Xunlei in the 3rd quarter valued at about $73,000. Envestnet Asset Management Inc. boosted its stake in Xunlei by 195.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 55,415 shares of the software maker's stock valued at $77,000 after purchasing an additional 36,674 shares during the last quarter. UBS Group AG boosted its stake in Xunlei by 2,164.5% during the 3rd quarter. UBS Group AG now owns 52,173 shares of the software maker's stock valued at $73,000 after purchasing an additional 49,869 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Xunlei during the 2nd quarter valued at about $35,000. 6.28% of the stock is owned by institutional investors.
Get Xunlei alerts:Xunlei Stock Performance
XNET stock opened at $1.68 on Friday. The stock has a 50-day moving average price of $2.02 and a 200-day moving average price of $1.67. Xunlei has a 1-year low of $0.85 and a 1-year high of $2.23. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.08. The firm has a market cap of $111.72 million, a PE ratio of 6.00 and a beta of 1.25.
Xunlei (NASDAQ:XNET – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The software maker reported $0.12 earnings per share for the quarter. Xunlei had a return on equity of 6.33% and a net margin of 6.13%. The firm had revenue of $88.28 million during the quarter.Wall Street Analysts Forecast Growth
XNET has been the subject of several analyst reports. TheStreet raised Xunlei from a "d+" rating to a "c-" rating in a research report on Tuesday, November 15th. StockNews.com assumed coverage on Xunlei in a research report on Friday, December 9th. They set a "buy" rating for the company.
About Xunlei
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Xunlei Ltd. is a holding company, which provides shared cloud computing and blockchain technology services. It provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing and digital entertainment to deliver an efficient internet experience. The company was founded by Sheng Long Zou and Hao Cheng in December 2002 and is headquartered in Shenzhen, China.
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