ZenaTech, Inc. (NASDAQ:ZENA) Short Interest Update

ZenaTech, Inc. (NASDAQ:ZENA) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,170,059 shares, an increase of 47.6% from the January 29th total of 1,470,147 shares. Approximately 9.6% of the shares of the company are sold short. Based on an average daily volume of 1,051,929 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily volume of 1,051,929 shares, the days-to-cover ratio is presently 2.1 days. Approximately 9.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZenaTech in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. 683 Capital Management LLC acquired a new stake in shares of ZenaTech during the fourth quarter worth $410,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in ZenaTech in the 3rd quarter worth about $604,000. OMERS ADMINISTRATION Corp acquired a new stake in ZenaTech in the 4th quarter worth about $387,000. Vident Advisory LLC bought a new stake in ZenaTech in the 3rd quarter valued at about $534,000. Finally, DNB Asset Management AS grew its position in shares of ZenaTech by 194.9% during the 3rd quarter. DNB Asset Management AS now owns 145,470 shares of the company’s stock worth $698,000 after purchasing an additional 96,141 shares in the last quarter.

ZenaTech Trading Down 6.0%

ZenaTech stock opened at $2.64 on Monday. The company has a market capitalization of $59.40 million, a price-to-earnings ratio of -6.77 and a beta of 14.26. ZenaTech has a 12 month low of $1.82 and a 12 month high of $7.11. The stock’s 50 day moving average is $3.42 and its 200-day moving average is $4.12.

About ZenaTech

ZenaTech, Inc, an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.