Zeta Network Group (NASDAQ:ZNB) Short Interest Update

Zeta Network Group (NASDAQ:ZNB) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 67,858 shares, a decline of 37.9% from the August 15th total of 109,291 shares. Based on an average daily volume of 2,329,903 shares, the days-to-cover ratio is presently 0.0 days. Approximately 59.0% of the shares of the company are sold short.

Zeta Network Group Price Performance

NASDAQ:ZNB opened at $1.32 on Thursday. The stock has a 50 day simple moving average of $2.29 and a 200 day simple moving average of $19.32. Zeta Network Group has a 1-year low of $1.32 and a 1-year high of $4,184.00.

Zeta Network Group (NASDAQ:ZNB) last issued 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 during the quarter.

Wall Street Analyst Weigh In

ZNB has been the subject of a number of research reports. Wall Street Zen upgraded shares of Zeta Network Group to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zeta Network Group presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other Zeta Network Group news, major shareholder Financial Lp Hrt sold 42,254 shares of Zeta Network Group stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $2.87, for a total transaction of $121,268.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 36,455 shares of company stock worth $38,277 and have sold 99,936 shares worth $150,459. 38.90% of the stock is currently owned by company insiders.

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.