Short Interest in Zeta Network Group (NASDAQ:ZNB) Rises By 206.2%

Zeta Network Group (NASDAQ:ZNB) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 302,967 shares, a growth of 206.2% from the May 31st total of 98,930 shares. Approximately 32.8% of the shares of the company are sold short. Based on an average daily volume of 3,582,751 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of Zeta Network Group from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeta Network Group in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Zeta Network Group

A hedge fund 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) in the 4th quarter, according to its most recent 13F filing 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 0.39% of Zeta Network Group as of its most recent filing with the Securities and Exchange Commission (SEC). 3.44% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Network Group Stock Performance

Shares of ZNB stock opened at $0.64 on Monday. Zeta Network Group has a 1-year low of $0.52 and a 1-year high of $2,625.00. The stock’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $26.32.

Zeta Network Group (NASDAQ:ZNB) last posted its quarterly earnings results on Thursday, June 18th. The company reported ($85.16) earnings per share for the quarter. The company had revenue of $8.45 million during the quarter.

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.