What’s in Chinanet Online Holdings Inc (NASDAQ:CNET) After Decline in Shorted Shares?

April 24, 2018 - By Kurt Siggers

The stock of Chinanet Online Holdings Inc (NASDAQ:CNET) registered a decrease of 0.28% in short interest. CNET’s total short interest was 877,200 shares in April as published by FINRA. Its down 0.28% from 879,700 shares, reported previously. With 244,500 shares average volume, it will take short sellers 4 days to cover their CNET’s short positions. The short interest to Chinanet Online Holdings Inc’s float is 11.57%.

The stock increased 0.69% or $0.02 during the last trading session, reaching $2.9. About 118,263 shares traded. ChinaNet Online Holdings, Inc. (NASDAQ:CNET) has risen 75.93% since April 24, 2017 and is uptrending. It has outperformed by 64.38% the S&P500.

ChinaNet Online Holdings, Inc., through its subsidiaries, operates an integrated service platform that provides advertising and marketing services in the PeopleÂ’s Republic of China. The company has market cap of $46.78 million. The Company’s platform comprises CloundX, an omni-channel advertising and marketing system; and a data analysis management system. It currently has negative earnings. The firm offers Internet advertising, precision marketing, and related value added services through its Internet advertising portals, including 28.com; liansuo.com; zhifuwang.cn; and wp28.com.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.