3 E Network Technology Group Ltd (NASDAQ:MASK) Sees Large Increase in Short Interest

3 E Network Technology Group Ltd (NASDAQ:MASKGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,652,782 shares, an increase of 168.5% from the January 15th total of 615,634 shares. Based on an average daily trading volume, of 3,089,506 shares, the short-interest ratio is currently 0.5 days. Approximately 7.1% of the shares of the company are sold short. Approximately 7.1% of the shares of the company are sold short. Based on an average daily trading volume, of 3,089,506 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3 E Network Technology Group in a research note on Friday, January 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Research Report on MASK

3 E Network Technology Group Trading Up 3.7%

Shares of NASDAQ MASK traded up $0.01 during midday trading on Thursday, hitting $0.24. The stock had a trading volume of 827,868 shares, compared to its average volume of 6,372,059. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.46 and a current ratio of 2.46. 3 E Network Technology Group has a 1-year low of $0.18 and a 1-year high of $4.19. The company has a fifty day moving average price of $0.28 and a 200 day moving average price of $0.52.

3 E Network Technology Group (NASDAQ:MASKGet Free Report) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of ($1.56) million during the quarter.

About 3 E Network Technology Group

(Get Free Report)

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.

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