Xunlei Limited (NASDAQ:XNET) Sees Significant Increase in Short Interest

Xunlei Limited (NASDAQ:XNET - Get Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 54,600 shares, a growth of 187.4% from the November 30th total of 19,000 shares. Approximately 0.1% of the company's shares are short sold. Based on an average trading volume of 165,500 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Xunlei from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, December 17th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XNET. Rhumbline Advisers raised its position in Xunlei by 42.8% in the second quarter. Rhumbline Advisers now owns 24,097 shares of the software maker's stock valued at $40,000 after purchasing an additional 7,220 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Xunlei in the 3rd quarter valued at about $109,000. Acadian Asset Management LLC lifted its position in Xunlei by 20.9% in the second quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker's stock valued at $294,000 after buying an additional 30,515 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Xunlei by 3.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker's stock valued at $555,000 after buying an additional 10,276 shares during the last quarter. 5.07% of the stock is currently owned by institutional investors and hedge funds.

Xunlei Trading Down 1.9 %

Shares of Xunlei stock traded down $0.04 during mid-day trading on Friday, hitting $2.06. The stock had a trading volume of 67,432 shares, compared to its average volume of 88,443. The firm has a 50-day moving average of $2.02 and a two-hundred day moving average of $1.82. The firm has a market cap of $130.59 million, a P/E ratio of 8.96 and a beta of 1.06. The company has a quick ratio of 2.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.04. 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.