Recent insider trends for ChinaNet Online Holdings, Inc. (NASDAQ:CNET) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CNET is anything to go by, investors should pay attention.
Institutions own 00.14% of ChinaNet Online Holdings, Inc. (CNET)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 1 holders increased their positions by a total of 5691 shares, 1 holders decreased the positions by a total of 22884 shares, and 1 holders held their positions. This works out to a net decrease in ownership of 17193 shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 1 holders initiated new positions by a total of 5691 shares and 1 holders exited their positions by a total of 22884 shares. This nets out to a decrease of 17193 shares and is another bearish sign for CNET.
Insider ownership increased by a total of 0 shares, which suggests that CNET’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.
Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. ChinaNet Online Holdings, Inc. (NASDAQ:CNET)’s short interest is 19300 shares, or 0.26% of the float. This represents a decrease of -76% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for CNET. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CNET is a Strong buy, which implies that CNET is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that ChinaNet Online Holdings, Inc. (NASDAQ:CNET) is undervalued.