Zeta Network Group (NASDAQ:ZNB) Short Interest Down 67.7% in June

Zeta Network Group (NASDAQ:ZNB) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 97,855 shares, a drop of 67.7% from the June 15th total of 302,967 shares. Based on an average daily volume of 644,677 shares, the short-interest ratio is presently 0.2 days. Approximately 10.6% of the shares of the stock are sold short.

Zeta Network Group Trading Down 4.7%

ZNB stock opened at $0.43 on Tuesday. The company’s 50 day simple moving average is $1.19 and its 200-day simple moving average is $20.77. Zeta Network Group has a 12 month low of $0.41 and a 12 month high of $2,625.00.

Zeta Network Group (NASDAQ:ZNB) last posted its earnings results on Thursday, June 18th. The company reported ($85.16) earnings per share (EPS) for the quarter. The company had revenue of $8.45 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Zeta Network Group stock. OMERS ADMINISTRATION Corp purchased a new position in shares of Zeta Network Group (NASDAQ:ZNB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned approximately 0.08% of Zeta Network Group at the end of the most recent reporting period. 3.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ZNB shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a research report on Friday, April 24th. Wall Street Zen cut Zeta Network Group from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zeta Network Group currently has a consensus rating of “Sell”.

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.