Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totalling 20,500 shares, a decrease of 19.3% from the April 15th total of 25,400 shares. Based on an average trading volume of 58,600 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Xunlei

Institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. bought a new position in Xunlei in the third quarter worth about $36,000. Acadian Asset Management LLC raised its stake in shares of Xunlei by 30.4% during the 3rd quarter. Acadian Asset Management LLC now owns 145,739 shares of the software maker’s stock worth $233,000 after acquiring an additional 33,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Xunlei by 25.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,275 shares of the software maker’s stock valued at $423,000 after acquiring an additional 53,160 shares during the last quarter. 5.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Xunlei in a report on Friday. They issued a “buy” rating for the company.

Xunlei Price Performance

XNET opened at $1.65 on Monday. The company has a current ratio of 2.56, a quick ratio of 2.54 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $1.53 and its 200-day simple moving average is $1.53. The company has a market capitalization of $106.23 million, a price-to-earnings ratio of 7.17 and a beta of 1.22. Xunlei has a 12-month low of $1.28 and a 12-month high of $2.09.

Xunlei (NASDAQ:XNET) last issued its earnings results on Thursday, March 14th. The software maker reported $0.06 earnings per share (EPS) for the quarter. Xunlei had a net margin of 3.90% and a return on equity of 4.48%. The company had revenue of $77.14 million for the quarter.

About Xunlei

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 various products, such as Green Channel.