Xunlei Limited (NASDAQ:XNET) Short Interest Down 46.8% in February

Xunlei Limited (NASDAQ:XNET) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 853,922 shares, a decline of 46.8% from the February 12th total of 1,606,434 shares. Based on an average trading volume of 130,906 shares, the short-interest ratio is currently 6.5 days. Approximately 1.7% of the company’s shares are short sold. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 130,906 shares, the short-interest ratio is currently 6.5 days.

Xunlei Stock Performance

Xunlei stock opened at $6.04 on Thursday. The company has a current ratio of 2.02, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $379.25 million, a P/E ratio of 0.30 and a beta of 1.06. Xunlei has a 1-year low of $2.83 and a 1-year high of $11.03. The firm has a 50-day moving average of $6.48 and a 200-day moving average of $7.41.

Institutional Investors Weigh In On Xunlei

A number of large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in shares of Xunlei by 9,106.5% during the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker’s stock valued at $83,000 after buying an additional 18,213 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Xunlei by 314.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 196,328 shares of the software maker’s stock worth $795,000 after acquiring an additional 148,982 shares during the period. XTX Topco Ltd boosted its holdings in Xunlei by 244.1% in the second quarter. XTX Topco Ltd now owns 75,032 shares of the software maker’s stock valued at $304,000 after acquiring an additional 53,226 shares in the last quarter. Walleye Capital LLC bought a new stake in Xunlei in the second quarter valued at $51,000. Finally, Marshall Wace LLP purchased a new position in Xunlei during the 2nd quarter valued at $219,000. 5.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Xunlei from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

About Xunlei

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.