3 E Network Technology Group Ltd (NASDAQ:MASK) Short Interest Down 59.2% in February

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

3 E Network Technology Group Stock Performance

Shares of 3 E Network Technology Group stock opened at $0.15 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.46 and a current ratio of 2.46. 3 E Network Technology Group has a 52-week low of $0.14 and a 52-week high of $4.19. The company’s 50 day moving average price is $0.25 and its 200-day moving average price is $0.44.

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 for the quarter. The business had revenue of ($1.56) million for the quarter.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of 3 E Network Technology Group in a research report on Friday, January 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 3 E Network Technology Group presently has a consensus rating of “Sell”.

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.