Zeta Network Group (NASDAQ:ZNB) Short Interest Update

Zeta Network Group (NASDAQ:ZNB) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 302,967 shares, an increase of 206.2% from the May 31st total of 98,930 shares. Based on an average trading volume of 3,582,751 shares, the short-interest ratio is presently 0.1 days. Currently, 32.8% of the company’s stock are short sold.

Zeta Network Group Stock Performance

Shares of ZNB stock opened at $0.63 on Tuesday. Zeta Network Group has a 52-week low of $0.52 and a 52-week high of $2,625.00. The firm has a fifty day moving average of $1.42 and a 200-day moving average of $25.79.

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

Hedge Funds Weigh In On Zeta Network Group

An institutional investor recently bought a new position in Zeta Network Group stock. Anson Funds Management LP bought a new position in shares of Zeta Network Group (NASDAQ:ZNB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned approximately 0.39% of Zeta Network Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.44% of the company’s stock.

Analyst Ratings Changes

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