Short Interest in Xunlei Limited (NASDAQ:XNET) Decreases By 27.6%

Key Points

• Short interest in Xunlei Limited (NASDAQ:XNET) decreased by **27.6%** in September, down from 1,700,000 to 1,230,000 shares, representing 2.0% of total shares sold short.
• Several **hedge funds and institutional investors** increased their positions in Xunlei, with significant purchases including Nomura Holdings acquiring shares valued at approximately **$1.965 million**.
• Analysts have recently upgraded their ratings on Xunlei, with Weiss Ratings increasing its rating from "sell" to "hold" and Wall Street Zen moving it from "hold" to "buy".

Xunlei Limited (NASDAQ:XNET - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,230,000 shares, a drop of 27.6% from the September 15th total of 1,700,000 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 1.2 days. Currently, 2.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Xunlei

Several hedge funds and other institutional investors have recently made changes to their positions in XNET. XTX Topco Ltd purchased a new position in shares of Xunlei in the first quarter valued at approximately $98,000. Invesco Ltd. purchased a new position in shares of Xunlei in the first quarter valued at approximately $197,000. Russell Investments Group Ltd. lifted its position in shares of Xunlei by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock valued at $132,000 after acquiring an additional 5,190 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Xunlei in the first quarter valued at approximately $1,965,000. Finally, NewEdge Advisors LLC lifted its position in shares of Xunlei by 9,106.5% in the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock valued at $83,000 after acquiring an additional 18,213 shares in the last quarter. Hedge funds and other institutional investors own 5.07% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on XNET shares. Weiss Ratings raised Xunlei from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 8th. Wall Street Zen raised Xunlei from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".

Xunlei Stock Down 4.5%

Shares of XNET opened at $8.53 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.04. Xunlei has a 12 month low of $1.82 and a 12 month high of $11.03. The stock's 50 day moving average is $8.17 and its two-hundred day moving average is $5.84. The firm has a market cap of $533.64 million, a P/E ratio of 0.75 and a beta of 1.00.

Xunlei (NASDAQ:XNET - Get Free Report) last released its earnings results on Thursday, August 14th. The software maker reported $0.12 earnings per share for the quarter. The business had revenue of $103.54 million for the quarter. Xunlei had a return on equity of 4.50% and a net margin of 202.62%. Xunlei has set its Q3 2025 guidance at EPS.

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.

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