Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 103,800 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Xunlei in a research note on Thursday. They issued a “buy” rating on the stock.

Xunlei Stock Down 1.0 %

Shares of NASDAQ:XNET opened at $2.04 on Monday. The company has a market capitalization of $129.89 million, a price-to-earnings ratio of 8.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.68. The business’s 50-day moving average is $1.78 and its 200-day moving average is $1.72. Xunlei has a 1 year low of $1.36 and a 1 year high of $2.41.

Xunlei (NASDAQ:XNET) last announced its quarterly earnings data on Tuesday, August 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.52%. The company had revenue of $79.33 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xunlei stock. Rhumbline Advisers increased its position in shares of Xunlei Limited (NASDAQ:XNET) by 42.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,097 shares of the software maker’s stock after buying an additional 7,220 shares during the quarter. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 at the end of the most recent quarter. 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.