Short Interest in 3 E Network Technology Group Ltd (NASDAQ:MASK) Rises By 118.5%

3 E Network Technology Group Ltd (NASDAQ:MASK) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 651,216 shares, a growth of 118.5% from the December 15th total of 298,093 shares. Based on an average trading volume of 16,420,542 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.8% of the shares of the company are short sold. Approximately 2.8% of the shares of the company are short sold. Based on an average trading volume of 16,420,542 shares, the days-to-cover ratio is currently 0.0 days.

3 E Network Technology Group Price Performance

Shares of MASK traded down $0.03 during trading hours on Friday, reaching $0.29. The company’s stock had a trading volume of 1,352,589 shares, compared to its average volume of 13,360,627. The company has a 50 day moving average of $0.36 and a two-hundred day moving average of $0.73. 3 E Network Technology Group has a 1-year low of $0.18 and a 1-year high of $4.19.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of 3 E Network Technology Group in a research note on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, 3 E Network Technology Group currently has a consensus rating of “Sell”.

About 3 E Network Technology Group

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.