Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 54,600 shares, a growth of 187.4% from the November 30th total of 19,000 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 165,500 shares, the days-to-cover ratio is presently 0.3 days.

Xunlei Stock Performance

Shares of Xunlei stock opened at $2.10 on Friday. Xunlei has a 12 month low of $1.45 and a 12 month high of $2.41. The stock’s fifty day moving average price is $2.02 and its 200-day moving average price is $1.82. The firm has a market cap of $133.12 million, a P/E ratio of 9.13 and a beta of 1.06. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Xunlei from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 17th.

Institutional Investors Weigh In On Xunlei

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Xunlei by 3.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock worth $555,000 after buying an additional 10,276 shares during the period. Acadian Asset Management LLC boosted its position in Xunlei by 20.9% in the 2nd quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker’s stock worth $294,000 after purchasing an additional 30,515 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Xunlei in the 3rd quarter valued at $109,000. Finally, Rhumbline Advisers boosted its stake in shares of Xunlei by 42.8% during the 2nd quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock worth $40,000 after acquiring an additional 7,220 shares in the last quarter. 5.07% of the stock is currently owned by hedge funds and other institutional investors.

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.