Economy

Xunlei (NASDAQ:XNET) Downgraded by BidaskClub

Xunlei (NASDAQ:XNET) Downgraded by BidaskClub

XNET's total short interest was 6.60 million shares in January as published by FINRA.

Xunlei (XNET) traded up $0.51 on Wednesday, hitting $22.90. Based on an average trading volume of 14,452,304 shares, the short-interest ratio is now 0.8 days. The company operates in the Technology sector with a market capitalization of 1.57 Million.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 236.76%, and has a solid year to date (YTD) performance of 45.48% which means that the stock is constantly adding to its value from the previous fiscal year end price. State Street Corp lifted its position in shares of Xunlei by 8.6% during the 2nd quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Xunlei by 234.8% during the 3rd quarter. Accern also assigned news articles about the software maker an impact score of 45.7434850922738 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term. The Stock has its 52-week High of $27.00 and 52-Week Low of $ 3.11 and it touched its 52-week high on 11/24/17 and 52-Week Low on 07/10/17. Susquehanna International Group LLP now owns 60,218 shares of the software maker's stock valued at $256,000 after purchasing an additional 42,230 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Xunlei in the third quarter valued at $300,000. Institutional investors own 11.45% of the company's stock.

Dark Souls for Nintendo Switch heading for release
Despite the fact that is being ported to Nintendo, Dark Souls Remastered will be available for all other platforms. The game comes with the Artorias of the Abyss DLC, but no new content has been announced.

Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Xunlei from a "buy" rating to a "hold" rating in a research note on Wednesday, December 20th. Finally, TheStreet raised Xunlei from a "d+" rating to a "c-" rating in a research report on Monday, November 13th. If you are accessing this piece on another site, it was illegally copied and reposted in violation of USA & global trademark and copyright legislation. The correct version of this piece can be viewed at https://stocknewstimes.com/2018/01/10/xunlei-ltd-xnet-short-interest-up-71-1-in-december.html. The short interest to Xunlei Limited Adrs's float is 25.12%. It provides users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services.

The TTM operating margin for the company stands at -37.1%.


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