Zeta Network Group (NASDAQ:ZNB) Shares Shorted: Short Interest Up 235.0% in October

Zeta Network Group (NASDAQ:ZNB) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 185,627 shares, an increase of 235.0% from the September 30th total of 55,417 shares. Currently, 48.3% of the company’s shares are short sold. Based on an average trading volume of 2,788,187 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

ZNB has been the subject of several recent research reports. Wall Street Zen raised Zeta Network Group to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a research report on Wednesday, October 21st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Zeta Network Group Stock Down 1.9%

Shares of ZNB opened at $0.51 on Friday. Zeta Network Group has a fifty-two week low of $0.47 and a fifty-two week high of $1,105.60. The firm’s 50 day moving average price is $1.24 and its 200 day moving average price is $80.58.

Zeta Network Group (NASDAQ:ZNB) last released its earnings results on Monday, October 19th. The company reported $217.45 EPS for the quarter. The company had revenue of $5.73 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.