3 E Network Technology Group Ltd (NASDAQ:MASK) Short Interest Update

3 E Network Technology Group Ltd (NASDAQ:MASK) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 85,960 shares, an increase of 261.1% from the April 30th total of 23,802 shares. Approximately 9.3% of the shares of the company are sold short. Based on an average daily trading volume, of 8,601,977 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On 3 E Network Technology Group

A hedge fund recently bought a new stake in 3 E Network Technology Group stock. L1 Global Manager Pty Ltd purchased a new position in 3 E Network Technology Group Ltd (NASDAQ:MASK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,248,611 shares of the company’s stock, valued at approximately $300,000. L1 Global Manager Pty Ltd owned 5.38% of 3 E Network Technology Group as of its most recent filing with the Securities and Exchange Commission.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of 3 E Network Technology Group from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings raised shares of 3 E Network Technology Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

3 E Network Technology Group Price Performance

MASK stock traded down $0.55 during mid-day trading on Friday, hitting $3.58. The stock had a trading volume of 20,561,953 shares, compared to its average volume of 12,413,530. 3 E Network Technology Group has a 52 week low of $1.18 and a 52 week high of $95.50. The firm has a fifty day simple moving average of $1.94 and a 200 day simple moving average of $5.25.

3 E Network Technology Group (NASDAQ:MASK) last announced its quarterly earnings results on Wednesday, May 27th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $1.86 million for the quarter.

About 3 E Network Technology Group

3 E Network Technology Group Ltd. operates as a holding company, which engages in the provision of business-to-business information technology business solutions. It offers business solutions to a variety of industries and sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities. The company was founded on October 6, 2021 and is headquartered in Guangzhou, China.