Xunlei Limited (NASDAQ:XNET) Short Interest Down 66.0% in November

Xunlei Limited (NASDAQ:XNET) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 19,000 shares, a decline of 66.0% from the November 15th total of 55,900 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 151,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Xunlei

Hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in Xunlei by 3.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock worth $555,000 after acquiring an additional 10,276 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Xunlei by 42.8% during the second quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock worth $40,000 after purchasing an additional 7,220 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Xunlei by 20.9% during the second 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 during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Xunlei in the third quarter valued at approximately $109,000. Institutional investors own 5.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Xunlei from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Xunlei Stock Down 1.4 %

XNET stock opened at $2.11 on Friday. The stock has a market capitalization of $133.76 million, a P/E ratio of 9.17 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. The firm has a 50-day moving average price of $2.02 and a 200-day moving average price of $1.81. Xunlei has a 12 month low of $1.45 and a 12 month high of $2.41.

Xunlei Company Profile

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.