Xunlei Limited (NASDAQ:XNET - Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 96,300 shares, a decrease of 12.9% from the January 31st total of 110,500 shares. Approximately 0.2% of the company's stock are short sold. Based on an average trading volume of 202,900 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On Xunlei
Several hedge funds and other institutional investors have recently bought and sold shares of XNET. Public Employees Retirement System of Ohio acquired a new position in Xunlei in the 3rd quarter worth approximately $109,000. Marshall Wace LLP acquired a new stake in shares of Xunlei during the 4th quarter worth approximately $84,000. Sei Investments Co. acquired a new stake in shares of Xunlei during the 4th quarter worth approximately $53,000. Russell Investments Group Ltd. acquired a new stake in shares of Xunlei during the 4th quarter worth approximately $52,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Xunlei during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 5.07% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Xunlei from a "strong-buy" rating to a "buy" rating in a report on Friday.
Check Out Our Latest Research Report on Xunlei
Xunlei Stock Performance
NASDAQ:XNET traded up $0.50 during midday trading on Friday, hitting $4.50. The company's stock had a trading volume of 986,647 shares, compared to its average volume of 1,521,760. Xunlei has a fifty-two week low of $1.45 and a fifty-two week high of $4.80. The firm's 50 day moving average is $2.75 and its 200-day moving average is $2.20. 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 firm has a market cap of $285.26 million, a P/E ratio of 19.57 and a beta of 1.04.
About Xunlei
(
Get Free Report)
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.
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