Zeta Network Group (NASDAQ:ZNB) Stock Short Interest Report for October

Zeta Network Group (NASDAQ:ZNB) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 185,627 shares, a growth of 235.0% from the September 30th total of 55,417 shares. Approximately 48.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,788,187 shares, the days-to-cover ratio is presently 0.1 days.

Zeta Network Group Stock Down 14.0%

Shares of ZNB opened at $0.44 on Friday. Zeta Network Group has a 12-month low of $0.35 and a 12-month high of $1,071.60. The business has a 50-day simple moving average of $1.21 and a two-hundred day simple moving average of $77.45.

Zeta Network Group (NASDAQ:ZNB) last released its quarterly earnings results on Monday, October 19th. The company reported $217.45 earnings per share (EPS) for the quarter. The business had revenue of $5.73 million for the quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZNB. Wall Street Zen upgraded shares of Zeta Network Group to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently 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.