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

Xunlei Limited (NASDAQ:XNET - Get Free Report) saw a significant growth in short interest in 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 presently 1.2 days. Approximately 2.3% of the shares of the stock are sold short.

Xunlei Price Performance

Shares of NASDAQ XNET traded down $0.26 on Friday, hitting $4.59. The company's stock had a trading volume of 903,604 shares, compared to its average volume of 366,460. The stock has a 50 day moving average of $3.03 and a 200-day moving average of $2.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. The company has a market capitalization of $290.97 million, a price-to-earnings ratio of 19.96 and a beta of 1.04. Xunlei has a 12-month low of $1.45 and a 12-month high of $5.52.

Xunlei (NASDAQ:XNET - Get Free Report) last posted 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%. The business had revenue of $84.30 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Xunlei from a "strong-buy" rating to a "buy" rating in a report on Friday, March 7th.

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Hedge Funds Weigh In On Xunlei

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new position in Xunlei during the fourth quarter worth approximately $36,000. Russell Investments Group Ltd. acquired a new position in Xunlei during the fourth quarter worth approximately $52,000. Sei Investments Co. acquired a new position in Xunlei during the fourth quarter worth approximately $53,000. Marshall Wace LLP purchased a new stake in Xunlei during the fourth quarter worth approximately $84,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Xunlei during the third quarter worth approximately $109,000. Institutional investors and hedge funds own 5.07% of the company's stock.

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.