Zeta Network Group (NASDAQ:ZNB) Sees Large Growth in Short Interest

Zeta Network Group (NASDAQ:ZNB) was the recipient of a significant 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. Based on an average daily volume of 3,109,979 shares, the days-to-cover ratio is currently 0.1 days. Approximately 22.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP acquired a new position in shares of Zeta Network Group (NASDAQ:ZNB) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned approximately 0.39% of Zeta Network Group at the end of the most recent reporting period. Institutional investors and hedge funds own 3.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zeta Network Group in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zeta Network Group presently has a consensus rating of “Sell”.

Zeta Network Group Stock Up 20.1%

ZNB opened at $2.69 on Tuesday. The company has a fifty day moving average of $7.36 and a 200 day moving average of $130.51. Zeta Network Group has a fifty-two week low of $1.83 and a fifty-two week high of $19,900.00.

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