Xunlei Limited (NASDAQ:XNET) Sees Large Decline in Short Interest

Xunlei Limited (NASDAQ:XNET) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 96,300 shares, a decline of 12.9% from the January 31st total of 110,500 shares. Based on an average daily volume of 202,900 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Xunlei Stock Down 5.9 %

XNET opened at $4.00 on Friday. The firm has a market cap of $253.57 million, a P/E ratio of 17.39 and a beta of 1.06. 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 business has a 50 day moving average price of $2.67 and a 200 day moving average price of $2.16. Xunlei has a twelve month low of $1.45 and a twelve month high of $4.80.

Analyst Ratings Changes

Separately, StockNews.com upgraded Xunlei from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

Hedge Funds Weigh In On Xunlei

Several large investors have recently bought and sold shares of XNET. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 buying an additional 10,276 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Xunlei in the third quarter worth $109,000. Marshall Wace LLP bought a new stake in Xunlei during the 4th quarter worth about $84,000. Sei Investments Co. bought a new position in Xunlei in the 4th quarter worth approximately $53,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Xunlei during the fourth quarter valued at $52,000. 5.07% of the stock is currently owned by institutional investors and hedge funds.

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.