Short Interest in Xunlei Limited (NASDAQ:XNET) Grows By 114.9%

Xunlei Limited (NASDAQ:XNET - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 53,300 shares, a growth of 114.9% from the September 30th total of 24,800 shares. Based on an average daily trading volume, of 103,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company's shares are sold short.

Xunlei Stock Down 1.0 %

Shares of NASDAQ XNET traded down $0.02 during mid-day trading on Friday, reaching $2.04. 109,639 shares of the company's stock were exchanged, compared to its average volume of 79,080. Xunlei has a twelve month low of $1.36 and a twelve month high of $2.41. The company has a current ratio of 2.70, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $131.33 million, a price-to-earnings ratio of 7.56 and a beta of 1.15. The business has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.72.

Xunlei (NASDAQ:XNET - Get Free Report) last announced its earnings results on Tuesday, August 13th. The software maker reported $0.04 EPS for the quarter. The firm had revenue of $79.33 million for the quarter. Xunlei had a net margin of 4.52% and a return on equity of 4.47%.

Institutional Investors Weigh In On Xunlei

A hedge fund recently raised its stake in Xunlei stock. Acadian Asset Management LLC grew its position in Xunlei Limited (NASDAQ:XNET - Free Report) by 20.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,254 shares of the software maker's stock after purchasing an additional 30,515 shares during the period. Acadian Asset Management LLC owned approximately 0.27% of Xunlei worth $294,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.07% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Xunlei in a research note on Thursday. They set 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.