3 E Network Technology Group Ltd (NASDAQ:MASK) Sees Significant Decline in Short Interest

3 E Network Technology Group Ltd (NASDAQ:MASK) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 673,958 shares, a decrease of 59.2% from the January 29th total of 1,652,782 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,014,274 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 1,014,274 shares, the short-interest ratio is currently 0.7 days. Currently, 2.9% of the company’s stock are short sold.

3 E Network Technology Group Stock Up 0.6%

Shares of NASDAQ:MASK traded up $0.00 on Friday, reaching $0.16. 227,723 shares of the company’s stock were exchanged, compared to its average volume of 5,059,208. 3 E Network Technology Group has a fifty-two week low of $0.14 and a fifty-two week high of $4.19. The business’s 50-day moving average is $0.25 and its two-hundred day moving average is $0.45. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.20.

3 E Network Technology Group (NASDAQ:MASK) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of ($1.56) million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of 3 E Network Technology Group in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, 3 E Network Technology Group presently has an average rating of “Sell”.

Hedge Funds Weigh In On 3 E Network Technology Group

An institutional investor recently bought a new position in 3 E Network Technology Group stock. L1 Global Manager Pty Ltd bought a new stake in shares of 3 E Network Technology Group Ltd (NASDAQ:MASK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,248,611 shares of the company’s stock, valued at approximately $300,000. L1 Global Manager Pty Ltd owned 5.38% of 3 E Network Technology Group as of its most recent SEC filing.

3 E Network Technology Group Company Profile

3 E Network Technology Group Ltd. operates as a holding company, which engages in the provision of business-to-business information technology business solutions. It offers business solutions to a variety of industries and sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities. The company was founded on October 6, 2021 and is headquartered in Guangzhou, China.