Zeta Network Group (NASDAQ:ZNB – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 67,858 shares, a drop of 37.9% from the August 15th total of 109,291 shares. Currently, 59.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,329,903 shares, the short-interest ratio is presently 0.0 days.
Insider Activity at Zeta Network Group
In other news, major shareholder Financial Lp Hrt sold 42,254 shares of Zeta Network Group stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $2.87, for a total value of $121,268.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 36,455 shares of company stock valued at $38,277 and have sold 99,936 shares valued at $150,459. Company insiders own 38.90% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on ZNB. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a report on Tuesday, July 21st. Wall Street Zen upgraded Zeta Network Group to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zeta Network Group currently has a consensus rating of “Sell”.
Zeta Network Group Trading Down 5.7%
Shares of NASDAQ:ZNB opened at $1.33 on Wednesday. Zeta Network Group has a twelve month low of $1.33 and a twelve month high of $4,184.00. The company’s 50 day moving average is $2.34 and its 200 day moving average is $20.91.
Zeta Network Group (NASDAQ:ZNB – Get Free Report) last released its quarterly earnings data on Thursday, June 18th. The company reported ($681.24) EPS for the quarter. The firm had revenue of $8.45 million for the quarter.
About Zeta Network Group
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.
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