Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 33,600 shares, an increase of 37.1% from the May 31st total of 24,500 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 70,000 shares, the days-to-cover ratio is currently 0.5 days.

Xunlei Stock Down 1.5 %

Shares of NASDAQ:XNET opened at $1.68 on Friday. Xunlei has a 52-week low of $1.36 and a 52-week high of $2.09. The stock has a market cap of $108.16 million, a P/E ratio of 6.22 and a beta of 1.14. The business’s 50 day moving average is $1.72 and its 200 day moving average is $1.59. The company has a quick ratio of 2.44, a current ratio of 2.45 and a debt-to-equity ratio of 0.03.

Xunlei (NASDAQ:XNET) last announced its quarterly earnings data on Thursday, May 16th. The software maker reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $79.98 million for the quarter. Xunlei had a return on equity of 5.23% and a net margin of 4.85%.

Institutional Trading of Xunlei

A hedge fund recently raised its stake in Xunlei stock. Acadian Asset Management LLC raised its stake in shares of Xunlei Limited (NASDAQ:XNET) by 30.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,739 shares of the software maker’s stock after acquiring an additional 33,993 shares during the quarter. Acadian Asset Management LLC owned approximately 0.22% of Xunlei worth $233,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.07% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Xunlei in a research note on Sunday, May 26th. They issued a “buy” rating on the stock.

About Xunlei

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.