Company shares are trading at $1.20 which is just a bit higher than $1.14, the 50 day moving average and which is marginally higher than the 200 day moving average of $1.16. The 50 day moving average moved up $0.06 and the 200 day average was up $0.04. ChinaNet Online Holdings, Inc. shares had a trading volume of 41K in the last trading session. Volume was down 85.18% under the stocks average daily volume.
Investors are more bullish recently if you consider the motion in short interest. The stock realized a fall in short interest between September 29, 2017 and October 13, 2017 of -32.01%. Short shares decreased from 22,634 to 15,389 over that timeframe. Days to cover decreased -2.0 to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end Citadel Advisors LLC had disposed of a total of 34,690 shares trimming its position 60.3%. The value of the investment in (CNET) decreased from $40,000 to $28,000 a change of 30.0% quarter to quarter.
ChinaNet Online Holdings, Inc., launched on October 2, 2006, is a holding company that conducts its primary businesses through its subsidiaries and operating entities (the variable interest entities (VIEs)). The Company is a business-to-businesses (B2B), integrated Internet technology company 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). Its segments include Internet advertising and TV advertising. Its 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..Advertisement