Short Interest in Xunlei Limited (NASDAQ:XNET) Increases By 1,384.9%

Xunlei Limited (NASDAQ:XNET) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,430,000 shares, a growth of 1,384.9% from the February 13th total of 96,300 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Xunlei from a “strong-buy” rating to a “buy” rating in a report on Friday, March 7th.

Xunlei Price Performance

Shares of Xunlei stock opened at $4.91 on Thursday. The company’s 50-day moving average price is $2.92 and its two-hundred day moving average price is $2.26. The stock has a market cap of $311.25 million, a PE ratio of 21.35 and a beta of 1.04. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. Xunlei has a 52 week low of $1.45 and a 52 week high of $5.52.

Institutional Trading of Xunlei

Large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its position 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 worth $555,000 after purchasing an additional 10,276 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Xunlei during the 4th quarter valued at $36,000. Russell Investments Group Ltd. acquired a new position in Xunlei in the 4th quarter worth about $52,000. Sei Investments Co. acquired a new position in Xunlei in the fourth quarter worth approximately $53,000. Finally, Marshall Wace LLP acquired a new position in shares of Xunlei during the 4th quarter worth $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.