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

ZenaTech, Inc. (NASDAQ:ZENA) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 801,346 shares, a drop of 18.0% from the November 30th total of 976,897 shares. Based on an average daily volume of 520,773 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.6% of the company’s stock are sold short. Currently, 3.6% of the company’s stock are sold short. Based on an average daily volume of 520,773 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On ZenaTech

A number of hedge funds have recently added to or reduced their stakes in the business. DNB Asset Management AS bought a new position in shares of ZenaTech in the 2nd quarter worth about $183,000. Janney Montgomery Scott LLC acquired a new stake in ZenaTech during the second quarter worth about $69,000. Vontobel Holding Ltd. bought a new position in ZenaTech in the third quarter worth about $79,000. Wealth Effects LLC bought a new position in ZenaTech in the third quarter worth about $110,000. Finally, Citizens Financial Group Inc. RI acquired a new position in ZenaTech in the third quarter valued at approximately $144,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZenaTech in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ZenaTech presently has an average rating of “Hold” and a consensus price target of $9.00.

ZenaTech Stock Performance

NASDAQ:ZENA opened at $3.54 on Wednesday. The company has a market capitalization of $79.65 million, a price-to-earnings ratio of -9.08 and a beta of 14.11. ZenaTech has a one year low of $1.82 and a one year high of $9.08. The stock has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $4.52.

ZenaTech (NASDAQ:ZENA) last announced its quarterly earnings data on Tuesday, November 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The business had revenue of $3.16 million during the quarter, compared to analysts’ expectations of $3.09 million.

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.