Xunlei Limited (NASDAQ:XNET) Sees Significant Increase in Short Interest

Key Points

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Xunlei Limited (NASDAQ:XNET - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,330,000 shares, anincreaseof48.4% from the July 15th total of 896,100 shares. Currently,2.2% of the shares of the company are sold short. Based on an average trading volume of 687,300 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 687,300 shares, the short-interest ratio is currently 1.9 days. Currently,2.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Xunlei from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th.

Institutional Investors Weigh In On Xunlei

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new stake in Xunlei during the 1st quarter valued at $1,965,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Xunlei by 314.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 196,328 shares of the software maker's stock worth $795,000 after acquiring an additional 148,982 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Xunlei by 827.1% in the 2nd quarter. Jane Street Group LLC now owns 88,917 shares of the software maker's stock worth $360,000 after acquiring an additional 101,146 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Xunlei by 244.1% in the 2nd quarter. XTX Topco Ltd now owns 75,032 shares of the software maker's stock worth $304,000 after acquiring an additional 53,226 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Xunlei during the 2nd quarter valued at about $219,000. 5.07% of the stock is currently owned by institutional investors.

Xunlei Trading Down 0.6%

Shares of Xunlei stock traded down $0.04 during trading on Friday, reaching $7.21. The company's stock had a trading volume of 1,574,603 shares, compared to its average volume of 1,432,935. The firm's 50-day moving average is $4.94 and its two-hundred day moving average is $4.57. Xunlei has a 52-week low of $1.51 and a 52-week high of $8.80. The company has a quick ratio of 2.60, a current ratio of 2.10 and a debt-to-equity ratio of 0.04. The company has a market cap of $451.06 million, a price-to-earnings ratio of 0.63 and a beta of 0.88.

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

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.