Zeta Network Group (NASDAQ:ZNB) Short Interest Update

Zeta Network Group (NASDAQ:ZNB) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 67,858 shares, a drop of 37.9% from the August 15th total of 109,291 shares. Currently, 59.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,329,903 shares, the days-to-cover ratio is currently 0.0 days.

Insider Buying and Selling at Zeta Network Group

In other news, major shareholder Financial Lp Hrt sold 42,254 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $2.87, for a total transaction of $121,268.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders purchased 36,455 shares of company stock valued at $38,277 and sold 99,936 shares valued at $150,459. Corporate insiders own 38.90% of the company’s stock.

Zeta Network Group Stock Up 8.5%

ZNB traded up $0.12 during trading on Friday, reaching $1.48. 11,013 shares of the company’s stock were exchanged, compared to its average volume of 281,387. Zeta Network Group has a fifty-two week low of $1.29 and a fifty-two week high of $4,184.00. The business has a 50 day moving average price of $2.23 and a 200 day moving average price of $17.86.

Zeta Network Group (NASDAQ:ZNB) last released its quarterly earnings results on Thursday, June 18th. The company reported ($681.24) earnings per share for the quarter. The company had revenue of $8.45 million during the quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ZNB shares. Wall Street Zen raised shares of Zeta Network Group to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Zeta Network Group in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.