Is Buying Xunlei Limited – American Depositary Receipts (NASDAQ:XNET), Having Lower Short Interest a Winning Strategy?

June 15, 2018 - By Richard Conner

Xunlei Limited (NASDAQ:XNET) Logo

The stock of Xunlei Limited – American Depositary Receipts (NASDAQ:XNET) registered a decrease of 1.39% in short interest. XNET’s total short interest was 10.83 million shares in June as published by FINRA. Its down 1.39% from 10.98M shares, reported previously. With 830,800 shares average volume, it will take short sellers 13 days to cover their XNET’s short positions. The short interest to Xunlei Limited – American Depositary Receipts’s float is 41.4%.

The stock decreased 4.70% or $0.64 during the last trading session, reaching $12.98. About 1.38M shares traded or 33.75% up from the average. Xunlei Limited (NASDAQ:XNET) has risen 228.06% since June 15, 2017 and is uptrending. It has outperformed by 215.49% the S&P500.

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company has market cap of $868.18 million. The company??s platform is based on cloud computing that enables users to access, manage, and consume digital media content. It currently has negative earnings. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

More important recent Xunlei Limited (NASDAQ:XNET) news were published by: which released: “Why Xunlei, Griffon, and Axovant Sciences Slumped Today” on June 12, 2018, also published article titled: “XUNLEI Announces Change of Management”, published: “42 Biggest Movers From Yesterday” on June 13, 2018. More interesting news about Xunlei Limited (NASDAQ:XNET) was released by: and their article: “Xunlei Launches New Products to Build a Blockchain Ecosystem” with publication date: May 17, 2018.

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