Zeta Network Group (NASDAQ:ZNB) Sees Significant Increase in Short Interest

Zeta Network Group (NASDAQ:ZNB) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 205,100 shares, a growth of 109.6% from the June 30th total of 97,855 shares. Currently, 22.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,109,979 shares, the days-to-cover ratio is presently 0.1 days.

Zeta Network Group Stock Down 18.1%

Shares of ZNB opened at $2.40 on Thursday. The business’s 50 day moving average is $6.95 and its two-hundred day moving average is $122.58. Zeta Network Group has a 52-week low of $1.83 and a 52-week high of $17,368.00.

Zeta Network Group (NASDAQ:ZNB) last released its quarterly earnings results on Thursday, June 18th. The company reported ($681.24) earnings per share for the quarter. The firm had revenue of $8.45 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zeta Network Group in a research note on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Zeta Network Group has an average rating of “Sell”.

Institutional Investors Weigh In On Zeta Network Group

An institutional investor recently bought a new position in Zeta Network Group stock. Anson Funds Management LP purchased a new position in shares of Zeta Network Group (NASDAQ:ZNB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned about 0.39% of Zeta Network Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.44% of the company’s stock.

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.