Short Interest in Xunlei Limited (NASDAQ:XNET) Grows By 48.4%

Xunlei Limited (NASDAQ:XNET) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,330,000 shares, anincreaseof48.4% from the July 15th total of 896,100 shares. Based on an average daily volume of 687,300 shares, the days-to-cover ratio is currently 1.9 days. Currently,2.2% of the shares of the stock are sold short. Currently,2.2% of the shares of the stock are sold short. Based on an average daily volume of 687,300 shares, the days-to-cover ratio is currently 1.9 days.

Xunlei Stock Performance

Shares of Xunlei stock opened at $8.79 on Tuesday. The stock has a market cap of $548.25 million, a PE ratio of 0.77 and a beta of 0.88. The business has a fifty day simple moving average of $4.78 and a 200-day simple moving average of $4.44. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.09. Xunlei has a 12 month low of $1.51 and a 12 month high of $8.80.

Xunlei (NASDAQ:XNET) last released its quarterly earnings data on Thursday, August 14th. The software maker reported $0.12 earnings per share (EPS) for the quarter. Xunlei had a return on equity of 7.00% and a net margin of 202.62%. The firm had revenue of $103.54 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen raised Xunlei from a “hold” rating to a “buy” rating in a research note on Saturday.

Hedge Funds Weigh In On Xunlei

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new stake in Xunlei during the fourth quarter valued at approximately $52,000. Marshall Wace LLP bought a new position in Xunlei in the 4th quarter worth approximately $84,000. Two Sigma Securities LLC bought a new stake in Xunlei in the fourth quarter valued at about $36,000. XTX Topco Ltd bought a new stake in Xunlei in the first quarter valued at about $98,000. Finally, Invesco Ltd. bought a new stake in Xunlei in the first quarter valued at about $197,000. Institutional investors and hedge funds own 5.07% of the company’s stock.

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 Green Channel and Fast Bird products.