Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,814,646 shares, an increase of 35.9% from the December 15th total of 1,334,796 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average daily volume of 450,883 shares, the days-to-cover ratio is presently 4.0 days. Based on an average daily volume of 450,883 shares, the days-to-cover ratio is presently 4.0 days. Currently, 3.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XNET. UBS Group AG lifted its holdings in shares of Xunlei by 144.4% in the third quarter. UBS Group AG now owns 526,637 shares of the software maker’s stock worth $5,040,000 after buying an additional 311,112 shares in the last quarter. Stonehill Capital Management LLC purchased a new stake in Xunlei in the 3rd quarter worth approximately $2,295,000. Arrowstreet Capital Limited Partnership bought a new position in Xunlei in the 3rd quarter valued at $2,146,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Xunlei by 314.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 196,328 shares of the software maker’s stock valued at $795,000 after purchasing an additional 148,982 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Xunlei by 827.1% during the 2nd quarter. Jane Street Group LLC now owns 88,917 shares of the software maker’s stock valued at $360,000 after purchasing an additional 101,146 shares in the last quarter. Institutional investors own 5.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Xunlei in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Xunlei Stock Performance

NASDAQ:XNET opened at $7.66 on Friday. The business has a fifty day simple moving average of $7.28 and a two-hundred day simple moving average of $7.12. Xunlei has a 1 year low of $2.05 and a 1 year high of $11.03. The company has a market capitalization of $480.97 million, a P/E ratio of 0.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.02 and a quick ratio of 2.01.

Xunlei (NASDAQ:XNET) last released its quarterly earnings data on Thursday, November 13th. The software maker reported $0.07 EPS for the quarter. The business had revenue of $125.93 million for the quarter. Xunlei had a net margin of 315.06% and a return on equity of 2.75%.

Xunlei Company Profile

Xunlei Limited (NASDAQ: XNET) is a China-based technology company specializing in content acceleration and cloud services. Its core offerings include the Xunlei download manager, which integrates peer-to-peer (P2P) and cloud-based acceleration technologies to enhance file delivery speeds for large downloads. The company has expanded its suite of products to encompass cloud storage solutions, media streaming applications and mobile browsing tools, all aimed at improving digital content distribution and user experience.

Founded in 2003 and headquartered in Shenzhen, Xunlei originally gained traction by addressing bandwidth constraints in China’s burgeoning internet market.