Short Interest Reporting: Is Buying Chinanet Online Holdings Incorporated (NASDAQ:CNET) Here Good Idea?

November 30, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Reporting: Is Buying Chinanet Online Holdings Incorporated (NASDAQ:CNET) Here Good Idea?

The stock of Chinanet Online Holdings Incorporated (NASDAQ:CNET) registered a decrease of 20.93% in short interest. CNET’s total short interest was 76,700 shares in November as published by FINRA. Its down 20.93% from 97,000 shares, reported previously. With 13,800 shares average volume, it will take short sellers 6 days to cover their CNET’s short positions. The short interest to Chinanet Online Holdings Incorporated’s float is 1.03%. The stock increased 0.79% or $0.01 on November 29, hitting $1.27. Chinanet Online Holdings Inc (NASDAQ:CNET) has declined 23.03% since April 27, 2016 and is downtrending. It has underperformed by 28.26% the S&P500.

ChinaNet Online Holdings, Inc. is a holding firm that conducts its primary businesses through its subsidiaries and operating entities ). The company has a market cap of $15.20 million. The Firm is a business-to-businesses (B2B), integrated Internet technology firm providing online-to-offline (O2O) sales channel expansion, precision marketing and the related data services for small and medium-sized enterprises, and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China. It currently has negative earnings. The Company’s divisions include Internet advertising and TV advertising.

Insitutional Activity: The institutional sentiment is 0 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 1 funds sold all Chinanet Online Holdings Inc shares owned while 1 reduced positions. only 0 funds bought stakes while 0 increased positions. They now own 47,155 shares or 72.75% less from 173,052 shares in 2016Q1.
Focused Wealth Mgmt has invested 0% of its portfolio in Chinanet Online Holdings Inc (NASDAQ:CNET). California Employees Retirement Systems holds 28,500 shares or 0% of its portfolio. Citadel Advisors Ltd has 18,255 shares for 0% of their US portfolio.

CNET Company Profile

ChinaNet Online Holdings, Inc., incorporated on October 2, 2006, is a holding firm that conducts its primary businesses through its subsidiaries and operating entities (the variable interest entities (VIEs)). The Firm is a business-to-businesses (B2B), integrated Internet technology firm providing online-to-offline (O2O) sales channel expansion, precision marketing and the related data services for small and medium-sized enterprises (SMEs), and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China (PRC). The Company’s divisions include Internet advertising and TV advertising. The Company’s services are founded on Internet, advertising, cloud and Big Data technologies that include preparing and publishing media enabled advertising and marketing campaigns for clients on the Internet, mobile phone, television and other communication channels; hosting mini-sites with online messaging and consulting functionalities; providing search engine marketing services; providing data services, and providing social networking and information sharing services to entrepreneurs to help SMEs manage the expansion of their sales networks.

More notable recent Chinanet Online Holdings Inc (NASDAQ:CNET) news were published by: Globenewswire.com which released: “ChinaNet Online Holdings Announces 1-for-2.5 Reverse Split” on August 18, 2016, also Globenewswire.com with their article: “ChinaNet Online Holdings to Host Virtual Roadshow Conference Call and Webcast …” published on November 21, 2016, Seekingalpha.com published: “ChinaNet Online Holdings’ (CNET) Management on Q3 2016 Results – Earnings Call …” on November 16, 2016. More interesting news about Chinanet Online Holdings Inc (NASDAQ:CNET) were released by: Globenewswire.com and their article: “ChinaNet Online Holdings Announces Partnership Agreement With Korean BBQ …” published on September 14, 2015 as well as Globenewswire.com‘s news article titled: “ChinaNet Online Partners with Dark Horse Club to Service the Fast Growing …” with publication date: August 01, 2016.

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By Peter Erickson


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