Xunlei Limited (NASDAQ:XNET) Short Interest Up 32.1% in August

Key Points

• Xunlei Limited (NASDAQ:XNET) experienced a 32.1% increase in short interest in August, rising from 1,310,000 shares to 1,730,000 shares.
• Several institutional investors have significantly increased their stakes in Xunlei, with notable increases from Connor Clark & Lunn Investment Management Ltd. and Jane Street Group LLC.
• Xunlei's stock has seen a recent trading decline of 5.1%, with a current market cap of $457.31 million and a price-to-earnings ratio of 0.64.

Xunlei Limited (NASDAQ:XNET - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,730,000 shares, a growth of 32.1% from the August 15th total of 1,310,000 shares. Currently, 2.8% of the company's stock are short sold. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.8% of the company's stock are short sold.

Xunlei Price Performance

Xunlei stock traded down $0.39 during trading hours on Friday, hitting $7.74. The stock had a trading volume of 831,985 shares, compared to its average volume of 1,047,470. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.10 and a quick ratio of 2.10. Xunlei has a 1-year low of $1.51 and a 1-year high of $8.80. The stock's fifty day moving average is $6.10 and its two-hundred day moving average is $5.13. The stock has a market capitalization of $484.21 million, a price-to-earnings ratio of 0.68 and a beta of 0.97.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Xunlei from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th.

Institutional Investors Weigh In On Xunlei

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Xunlei in the 1st quarter worth approximately $98,000. Invesco Ltd. acquired a new position in Xunlei during the 1st quarter worth $197,000. Russell Investments Group Ltd. boosted its position in Xunlei by 21.2% during the 1st quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock worth $132,000 after acquiring an additional 5,190 shares during the period. Nomura Holdings Inc. acquired a new position in Xunlei during the 1st quarter worth $1,965,000. Finally, NewEdge Advisors LLC boosted its position in Xunlei by 9,106.5% during the 1st quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock worth $83,000 after acquiring an additional 18,213 shares during the period. Institutional investors and hedge funds own 5.07% of the company's stock.

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.