Short Interest in Zeta Network Group (NASDAQ:ZNB) Drops By 62.7%

Zeta Network Group (NASDAQ:ZNB) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 76,593 shares, a drop of 62.7% from the July 15th total of 205,100 shares. Currently, 66.6% of the shares of the company are short sold. Based on an average trading volume of 655,894 shares, the short-interest ratio is presently 0.1 days.

Insider Transactions at Zeta Network Group

In other news, major shareholder Financial Lp Hrt sold 42,254 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $2.87, for a total transaction of $121,268.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 38.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP purchased a new stake in Zeta Network Group (NASDAQ:ZNB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned 0.39% of Zeta Network Group at the end of the most recent quarter. 3.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Zeta Network Group Price Performance

NASDAQ:ZNB traded down $0.35 during mid-day trading on Friday, reaching $1.99. 109,850 shares of the company’s stock were exchanged, compared to its average volume of 145,935. Zeta Network Group has a one year low of $1.80 and a one year high of $4,184.00. The business’s fifty day simple moving average is $4.54 and its two-hundred day simple moving average is $81.00.

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

Zeta Network Group Company Profile

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.