As of Jun 29, 2018 Xunlei Limited – American Depositary Receipts (NASDAQ:XNET) Sellers Reduced Their Shorts By 1.39%

June 29, 2018 - By Alice Reed

Xunlei Limited (NASDAQ:XNET) Corporate Logo

It was showed a decrease on Xunlei Limited – American Depositary Receipts (NASDAQ:XNET)’s shares shorted with 1.39%. It was announced in June by FINRA the 10.83 million shares shorted on XNET. The 10.98M previous shares are down with 1.39%. Xunlei Limited – American Depositary Receipts (NASDAQ:XNET) has 830,800 shares average volume. It’ll cost 13 days for XNET to recover its former position. 41.4% is Xunlei Limited – American Depositary Receipts float short.

XNET reached $11.07 during the last trading session after $0.15 change.Currently Xunlei Limited is uptrending after 228.06% change in last June 29, 2017. XNET has also 150,612 shares volume. The stock outperformed the S&P500 by 215.49%.

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China.The firm is valued at $740.43 million. The company??s platform is based on cloud computing that enables users to access, manage, and consume digital media content.Last it reported 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.

A couple more Xunlei Limited (NASDAQ:XNET) news were announced by: Benzinga.com which released on June 11, 2018 “32 Stocks Moving In Monday’s Mid-Day Session”, also Benzinga.com on June 22, 2018 announced “25 Stocks Moving In Friday’s Pre-Market Session”, the next Seekingalpha.com is “iQiyi: Buy The Dip” on June 28, 2018. Fool.com has article titled “Why Xunlei, Griffon, and Axovant Sciences Slumped Today”.

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