Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) saw 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. Based on an average trading volume of 172,900 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Xunlei Trading Down 1.9 %

NASDAQ:XNET opened at $3.14 on Friday. Xunlei has a 52 week low of $1.45 and a 52 week high of $3.31. 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 company has a market cap of $199.04 million, a PE ratio of 13.65 and a beta of 1.06. The business’s 50 day moving average is $2.26 and its two-hundred day moving average is $1.97.

Institutional Investors Weigh In On Xunlei

A number of hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Xunlei by 3.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock valued at $555,000 after purchasing an additional 10,276 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Xunlei during the 3rd quarter worth about $109,000. Sei Investments Co. bought a new stake in shares of Xunlei during the 4th quarter worth about $53,000. Russell Investments Group Ltd. acquired a new stake in shares of Xunlei in the 4th quarter worth approximately $52,000. Finally, Marshall Wace LLP bought a new position in shares of Xunlei in the fourth quarter valued at approximately $84,000. 5.07% of the stock is currently 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.