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

Zeta Network Group (NASDAQ:ZNB) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 302,967 shares, an increase of 206.2% from the May 31st total of 98,930 shares. Based on an average trading volume of 3,582,751 shares, the days-to-cover ratio is presently 0.1 days. Approximately 32.8% of the company’s stock are short sold.

Hedge Funds Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. OMERS ADMINISTRATION Corp acquired a new position in Zeta Network Group (NASDAQ:ZNB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned 0.08% of Zeta Network Group as of its most recent filing with the Securities & Exchange Commission. 3.44% of the stock is currently owned by institutional investors and hedge funds.

Zeta Network Group Stock Up 9.1%

Shares of ZNB opened at $0.64 on Friday. The stock has a 50 day moving average of $1.45 and a 200 day moving average of $26.65. Zeta Network Group has a 12 month low of $0.52 and a 12 month high of $2,625.00.

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

Analyst Ratings Changes

ZNB has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Zeta Network Group in a research report on Friday, April 24th. Wall Street Zen downgraded shares of 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, the stock has a consensus rating of “Sell”.

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.