Zeta Network Group (NASDAQ:ZNB) Sees Significant Drop in Short Interest

Zeta Network Group (NASDAQ:ZNB) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 76,593 shares, a decrease of 62.7% from the July 15th total of 205,100 shares. Based on an average daily trading volume, of 655,894 shares, the days-to-cover ratio is presently 0.1 days. Currently, 66.6% of the company’s stock are short sold.

Insider Activity

In other Zeta Network Group news, major shareholder Financial Lp Hrt sold 42,254 shares of Zeta Network Group stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $2.87, for a total transaction of $121,268.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 38.90% of the stock is owned by company insiders.

Institutional Trading of Zeta Network Group

An institutional investor recently bought a new position in Zeta Network Group stock. Anson Funds Management LP purchased a new position in shares of Zeta Network Group (NASDAQ:ZNB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned 0.39% of Zeta Network Group as of its most recent SEC filing. Institutional investors and hedge funds own 3.44% of the company’s stock.

Zeta Network Group Price Performance

Shares of ZNB stock opened at $2.08 on Friday. The stock’s 50 day simple moving average is $4.35 and its 200 day simple moving average is $80.45. Zeta Network Group has a twelve month low of $1.80 and a twelve month high of $4,184.00.

Zeta Network Group (NASDAQ:ZNB) last released its quarterly earnings results on Thursday, June 18th. The company reported ($681.24) EPS for the quarter. The firm had revenue of $8.45 million for the quarter.

Wall Street Analyst Weigh In

ZNB has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Zeta Network Group in a research note on Tuesday, July 21st. Wall Street Zen raised Zeta Network Group to a “hold” rating in a research note on Saturday, August 8th. One research 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 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.