Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 110,500 shares, a growth of 77.4% from the January 15th total of 62,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 172,900 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, StockNews.com raised Xunlei from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

Xunlei Stock Performance

Shares of XNET stock traded up $0.41 during trading on Friday, reaching $3.55. 602,265 shares of the company's stock were exchanged, compared to its average volume of 178,156. Xunlei has a twelve month low of $1.45 and a twelve month high of $3.58. The firm's fifty day moving average price is $2.31 and its 200-day moving average price is $2.00. The company has a quick ratio of 2.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $225.03 million, a PE ratio of 15.43 and a beta of 1.06.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC bought a new position in Xunlei in the 4th quarter valued at about $36,000. Russell Investments Group Ltd. acquired a new position in shares of Xunlei in the fourth quarter valued at approximately $52,000. Sei Investments Co. bought a new stake in Xunlei in the 4th quarter valued at $53,000. Marshall Wace LLP bought a new stake in Xunlei in the 4th quarter valued at $84,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Xunlei in the 3rd quarter valued at $109,000. 5.07% of the stock is owned by institutional investors.

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.