ZenaTech, Inc. (NASDAQ:ZENA) Short Interest Update

ZenaTech, Inc. (NASDAQ:ZENA) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,470,147 shares, an increase of 28.6% from the January 15th total of 1,143,180 shares. Based on an average daily volume of 1,564,525 shares, the days-to-cover ratio is presently 0.9 days. Currently, 6.5% of the company’s stock are short sold. Currently, 6.5% of the company’s stock are short sold. Based on an average daily volume of 1,564,525 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ZenaTech in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.00.

ZenaTech Stock Down 1.8%

ZenaTech stock traded down $0.05 during midday trading on Tuesday, hitting $2.72. 727,824 shares of the stock were exchanged, compared to its average volume of 1,303,016. ZenaTech has a 52-week low of $1.82 and a 52-week high of $7.11. The business’s 50-day moving average price is $3.52 and its 200-day moving average price is $4.28. The stock has a market capitalization of $69.62 million, a price-to-earnings ratio of -6.97 and a beta of 14.17.

Hedge Funds Weigh In On ZenaTech

Several institutional investors have recently modified their holdings of ZENA. DNB Asset Management AS bought a new stake in shares of ZenaTech in the second quarter valued at approximately $183,000. Janney Montgomery Scott LLC purchased a new position in ZenaTech in the 2nd quarter valued at approximately $69,000. Wealth Effects LLC purchased a new position in ZenaTech in the 3rd quarter valued at approximately $110,000. Citizens Financial Group Inc. RI bought a new stake in ZenaTech during the 3rd quarter valued at $144,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of ZenaTech during the third quarter worth $604,000.

ZenaTech Company Profile

ZenaTech, Inc, an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.