ZenaTech, Inc. (NASDAQ:ZENA) Short Interest Down 49.7% in October

ZenaTech, Inc. (NASDAQ:ZENA) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 136,100 shares, a decline of 49.7% from the September 30th total of 270,500 shares. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.3% of the company’s stock are sold short. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 0.1 days.

ZenaTech Stock Performance

NASDAQ:ZENA opened at $4.63 on Friday. The company has a market capitalization of $104.18 million and a price-to-earnings ratio of -33.07. ZenaTech has a one year low of $1.41 and a one year high of $12.43. The stock has a 50-day simple moving average of $5.17 and a 200 day simple moving average of $4.29.

ZenaTech (NASDAQ:ZENA) last issued its earnings results on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The business had revenue of $1.62 million during the quarter.

Hedge Funds Weigh In On ZenaTech

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new position in shares of ZenaTech during the second quarter worth approximately $69,000. Wealth Effects LLC acquired a new position in shares of ZenaTech during the third quarter worth approximately $110,000. Vontobel Holding Ltd. acquired a new position in shares of ZenaTech during the third quarter worth approximately $79,000. Citizens Financial Group Inc. RI acquired a new position in shares of ZenaTech during the third quarter worth approximately $144,000. Finally, Geode Capital Management LLC acquired a new position in shares of ZenaTech during the second quarter worth approximately $64,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZENA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZenaTech in a research report on Wednesday, October 8th. Wall Street Zen lowered ZenaTech from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ZenaTech currently has a consensus rating of “Hold” and an average target price of $9.00.

About ZenaTech

ZenaTech, Inc, an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.