Zeta Network Group (NASDAQ:ZNB) Short Interest Down 67.7% in June

Zeta Network Group (NASDAQ:ZNB) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 97,855 shares, a decrease of 67.7% from the June 15th total of 302,967 shares. Approximately 10.6% of the shares of the company are short sold. Based on an average daily trading volume, of 644,677 shares, the days-to-cover ratio is currently 0.2 days.

Zeta Network Group Trading Down 11.7%

Zeta Network Group stock traded down $0.06 during midday trading on Friday, reaching $0.45. The stock had a trading volume of 2,083,722 shares, compared to its average volume of 2,502,344. Zeta Network Group has a 12 month low of $0.42 and a 12 month high of $2,625.00. The firm’s 50-day moving average price is $1.21 and its 200 day moving average price is $21.53.

Zeta Network Group (NASDAQ:ZNB) last issued its earnings results on Thursday, June 18th. The company reported ($85.16) earnings per share for the quarter. The business had revenue of $8.45 million for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZNB. Wall Street Zen lowered shares of Zeta Network Group from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Zeta Network Group stock. OMERS ADMINISTRATION Corp acquired a new stake in Zeta Network Group (NASDAQ:ZNB) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned approximately 0.08% of Zeta Network Group at the end of the most recent quarter. Institutional investors and hedge funds own 3.44% of the company’s stock.

About Zeta Network Group

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc. Its Color World platform provides celebrity lectures, celebrity concert videos, celebrity peripheral products, and artist interactive communication services.