Xunlei Limited (NASDAQ:XNET) Short Interest Update

Xunlei Limited (NASDAQ:XNET) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 110,500 shares, a growth of 77.4% from the January 15th total of 62,300 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 172,900 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Separately, StockNews.com raised Xunlei from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

Xunlei Price Performance

XNET opened at $3.20 on Thursday. The stock has a market capitalization of $202.85 million, a P/E ratio of 13.91 and a beta of 1.06. Xunlei has a one year low of $1.45 and a one year high of $3.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. The company’s 50 day simple moving average is $2.26 and its 200-day simple moving average is $1.97.

Institutional Trading of Xunlei

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XNET. Public Employees Retirement System of Ohio bought a new stake in shares of Xunlei during the third quarter worth approximately $109,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Xunlei by 3.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock worth $555,000 after purchasing an additional 10,276 shares during the period. Finally, Sei Investments Co. bought a new stake in Xunlei in the fourth quarter valued at about $53,000. 5.07% of the stock is currently owned by institutional investors and hedge funds.

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.