Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 54,600 shares, an increase 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 daily trading volume, of 165,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Xunlei

A number of hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of Xunlei by 42.8% in the 2nd quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock worth $40,000 after buying an additional 7,220 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Xunlei in the third quarter worth about $109,000. Acadian Asset Management LLC grew its holdings in shares of Xunlei by 20.9% during 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 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock valued at $555,000 after acquiring an additional 10,276 shares in the last quarter. Institutional investors own 5.07% of the company’s stock.

Xunlei Price Performance

Shares of NASDAQ:XNET opened at $2.10 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 2.92. The company has a market capitalization of $133.12 million, a P/E ratio of 9.13 and a beta of 1.06. The company’s 50-day moving average is $2.02 and its 200 day moving average is $1.82. Xunlei has a fifty-two week low of $1.45 and a fifty-two week high of $2.41.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Xunlei from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 17th.

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.