Short Interest Reporting: Xunlei Limited Adrs (NASDAQ:XNET) Reports Increase in Sellers; Strong Momentum for Short Players

November 22, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Reporting: Xunlei Limited Adrs (NASDAQ:XNET) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Xunlei Limited Adrs (NASDAQ:XNET) registered an increase of 26.19% in short interest. XNET’s total short interest was 74,200 shares in November as published by FINRA. Its up 26.19% from 58,800 shares, reported previously. With 112,200 shares average volume, it will take short sellers 1 days to cover their XNET’s short positions. The short interest to Xunlei Limited Adrs’s float is 0.28%. The stock increased 2.08% or $0.09 on November 21, hitting $4.41. Xunlei Ltd (NASDAQ:XNET) has declined 36.09% since April 20, 2016 and is downtrending. It has underperformed by 40.64% the S&P500.

Xunlei Limited is a cloud-based acceleration technology company. The company has a market cap of $282.11 million. The Firm operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. It currently has negative earnings. The Company’s segment is the operation of its online media platform.

XNET Company Profile

Xunlei Limited (Xunlei), incorporated on February 3, 2005, is a cloud acceleration technology company. The Firm operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The Company’s segment is the operation of its online media platform. The Company’s services and products include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability.

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By Peter Erickson


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