Xunlei Limited (NASDAQ:XNET) Short Interest Down 35.7% in April

Xunlei Limited (NASDAQ:XNET - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 758,700 shares, a decrease of 35.7% from the March 31st total of 1,180,000 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 0.5 days.

Xunlei Trading Down 0.5 %

XNET traded down $0.02 during trading on Thursday, reaching $4.20. 189,163 shares of the company's stock were exchanged, compared to its average volume of 443,992. Xunlei has a one year low of $1.46 and a one year high of $5.52. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $258.17 million, a PE ratio of 18.26 and a beta of 0.81. The firm has a fifty day moving average price of $4.02 and a two-hundred day moving average price of $2.85.

Xunlei (NASDAQ:XNET - Get Free Report) last posted its earnings results on Thursday, March 13th. The software maker reported $0.17 earnings per share for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%. The firm had revenue of $84.30 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Xunlei from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

Institutional Investors Weigh In On Xunlei

Institutional investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC bought a new stake in Xunlei during the 4th quarter worth approximately $36,000. Russell Investments Group Ltd. bought a new stake in shares of Xunlei in the 4th quarter valued at $52,000. Sei Investments Co. bought a new stake in shares of Xunlei in the 4th quarter valued at $53,000. Finally, Marshall Wace LLP bought a new stake in shares of Xunlei in the 4th quarter valued at $84,000. 5.07% of the stock is owned by institutional investors.

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.