Xunlei Limited (NASDAQ:XNET) Sees Large Growth in Short Interest

Xunlei Limited (NASDAQ:XNET) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 54,600 shares, a growth of 187.4% from the November 30th total of 19,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 165,500 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, StockNews.com cut Xunlei from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 17th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Xunlei by 3.5% in the third 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 in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Xunlei by 20.9% during the 2nd quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker’s stock valued at $294,000 after purchasing an additional 30,515 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Xunlei in the 3rd quarter worth $109,000. Finally, Rhumbline Advisers grew its stake in Xunlei by 42.8% during the 2nd quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock worth $40,000 after buying an additional 7,220 shares during the last quarter. Institutional investors own 5.07% of the company’s stock.

Xunlei Stock Performance

Shares of Xunlei stock opened at $2.06 on Friday. The company has a market capitalization of $130.59 million, a PE ratio of 8.96 and a beta of 1.06. The company has a 50-day simple moving average of $2.02 and a two-hundred day simple moving average of $1.82. Xunlei has a one year low of $1.45 and a one year high of $2.41. 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 Company Profile

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.