Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 1,050,000 shares, a drop of 26.6% from the February 28th total of 1,430,000 shares. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is presently 0.8 days. Currently, 1.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Xunlei

Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. increased its position in Xunlei by 3.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock valued at $555,000 after acquiring an additional 10,276 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Xunlei in the third quarter valued at $109,000. Marshall Wace LLP bought a new position in Xunlei during the 4th quarter worth $84,000. Sei Investments Co. acquired a new position in Xunlei during the 4th quarter worth about $53,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Xunlei in the 4th quarter valued at about $52,000. 5.07% of the stock is currently owned by institutional investors and hedge funds.

Xunlei Stock Up 0.9 %

Shares of XNET opened at $4.49 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 2.92. Xunlei has a 52 week low of $1.46 and a 52 week high of $5.52. The stock has a market capitalization of $276.00 million, a price-to-earnings ratio of 19.52 and a beta of 1.04. The stock has a fifty day moving average of $3.62 and a 200-day moving average of $2.56.

Xunlei (NASDAQ:XNET) last posted its earnings results on Thursday, March 13th. The software maker reported $0.17 EPS for the quarter. The firm had revenue of $84.30 million during the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.65%.

Analysts Set New Price Targets

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

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.