Xunlei Limited (NASDAQ:XNET) Short Interest Up 1,384.9% in February

Xunlei Limited (NASDAQ:XNET) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,430,000 shares, a growth of 1,384.9% from the February 13th total of 96,300 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is currently 1.2 days. Currently, 2.3% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Xunlei from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th.

Hedge Funds Weigh In On Xunlei

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Xunlei in the 3rd quarter valued at $109,000. Marshall Wace LLP bought a new position in Xunlei during the 4th quarter worth $84,000. Sei Investments Co. acquired a new stake in shares of Xunlei during the fourth quarter worth $53,000. Russell Investments Group Ltd. bought a new stake in shares of Xunlei in the fourth quarter valued at about $52,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Xunlei in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 5.07% of the company’s stock.

Xunlei Stock Down 1.2 %

XNET stock opened at $4.85 on Friday. The business’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $2.28. Xunlei has a 1-year low of $1.45 and a 1-year high of $5.52. The firm has a market capitalization of $307.45 million, a PE ratio of 21.09 and a beta of 1.04. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04.

Xunlei (NASDAQ:XNET) last issued its quarterly earnings data on Thursday, March 13th. The software maker reported $0.17 earnings per share for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%.

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.