From MarketBeat:

Xunlei Limited (NASDAQ:XNET) saw a significant rise in short interest in December. 81,000 shares were shorted, an increase of 67.4% from November. 0.1% of the stock’s shares are short sold. Institutional investors acquired new stakes in the company, with hedge funds and institutional investors owning 5.15% of the stock.

The stock opened at $1.69, trading down 2.3%. Xunlei currently has a market cap of $110.39 million and a PE ratio of 8.89. The firm also has a current ratio of 2.46, a quick ratio of 2.45, and a debt-to-equity ratio of 0.05.

Xunlei saw earnings results on November 14th, reporting $0.07 earnings per share and revenue of $84.24 million. The company noted a net margin of 3.16% and a return on equity of 3.87%.

StockNews.com initiated coverage on shares of Xunlei, giving the stock a “buy” rating.

Xunlei Limited provides Internet-based digital media content services in China through cloud technology. The company offers various products and services, including Xunlei Accelerator and mobile acceleration plug-ins.



Read more: Short Interest in Xunlei Limited (NASDAQ:XNET) Rises By 67.4%