Short Interest in Xunlei Limited (NASDAQ:XNET) Decreases By 12.9%

Xunlei Limited (NASDAQ:XNET) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 96,300 shares, a decline of 12.9% from the January 31st total of 110,500 shares. Based on an average trading volume of 202,900 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Xunlei from a “strong-buy” rating to a “buy” rating in a report on Friday.

Institutional Trading of Xunlei

Large investors have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new position in shares of Xunlei during the fourth quarter worth $36,000. Russell Investments Group Ltd. acquired a new position in Xunlei in the 4th quarter worth $52,000. Sei Investments Co. acquired a new position in Xunlei in the 4th quarter worth $53,000. Marshall Wace LLP purchased a new position in Xunlei in the 4th quarter valued at about $84,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Xunlei during the third quarter valued at about $109,000. Institutional investors and hedge funds own 5.07% of the company’s stock.

Xunlei Price Performance

XNET stock opened at $4.50 on Friday. The stock has a 50-day simple moving average of $2.75 and a 200-day simple moving average of $2.19. The firm has a market cap of $285.26 million, a P/E ratio of 19.57 and a beta of 1.06. 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 1 year low of $1.45 and a 1 year high of $4.80.

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.