Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the target of a significant growth in short interest during 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. Based on an average daily trading volume, of 103,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Xunlei

A hedge fund recently raised its stake in Xunlei stock. Rhumbline Advisers increased its holdings in Xunlei Limited (NASDAQ:XNET) by 42.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,097 shares of the software maker’s stock after purchasing an additional 7,220 shares during the period. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 as of its most recent SEC filing. 5.07% of the stock is currently owned by institutional investors.

Xunlei Stock Performance

Xunlei stock opened at $2.04 on Friday. The firm’s 50 day simple moving average is $1.78 and its 200 day simple moving average is $1.72. The company has a current ratio of 2.70, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $131.33 million, a PE ratio of 7.56 and a beta of 1.15. Xunlei has a 1-year low of $1.36 and a 1-year high of $2.41.

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

Analyst Upgrades and Downgrades

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