Zeta Network Group (NASDAQ:ZNB) Short Interest Down 67.7% in June

Zeta Network Group (NASDAQ:ZNB) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 97,855 shares, a decrease of 67.7% from the June 15th total of 302,967 shares. Approximately 10.6% of the shares of the stock are short sold. Based on an average daily volume of 644,677 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

ZNB has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Zeta Network Group in a research note on Friday, April 24th. Wall Street Zen cut Zeta Network Group from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Zeta Network Group

An institutional investor recently bought a new position in Zeta Network Group stock. OMERS ADMINISTRATION Corp bought a new position in Zeta Network Group (NASDAQ:ZNB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned about 0.08% of Zeta Network Group as of its most recent SEC filing. Hedge funds and other institutional investors own 3.44% of the company’s stock.

Zeta Network Group Stock Performance

NASDAQ ZNB traded down $0.06 on Friday, hitting $0.45. The stock had a trading volume of 2,083,722 shares, compared to its average volume of 2,502,344. The firm has a 50-day moving average of $1.21 and a 200-day moving average of $21.53. Zeta Network Group has a 52-week low of $0.42 and a 52-week high of $2,625.00.

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

Zeta Network Group Company Profile

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.