Zeta Network Group (NASDAQ:ZNB) Short Interest Update

Zeta Network Group (NASDAQ:ZNB) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 76,593 shares, a decrease of 62.7% from the July 15th total of 205,100 shares. Approximately 66.6% of the company’s stock are sold short. Based on an average daily trading volume, of 655,894 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity at Zeta Network Group

In related news, major shareholder Financial Lp Hrt sold 42,254 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $2.87, for a total value of $121,268.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 38.90% of the company’s stock.

Hedge Funds Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. OMERS ADMINISTRATION Corp bought a new position in shares of Zeta Network Group (NASDAQ:ZNB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.44% of the company’s stock.

Zeta Network Group Stock Performance

Shares of ZNB traded down $0.35 during mid-day trading on Friday, reaching $1.99. The company’s stock had a trading volume of 109,850 shares, compared to its average volume of 145,935. Zeta Network Group has a 1-year low of $1.80 and a 1-year high of $4,184.00. The business has a 50-day simple moving average of $4.54 and a two-hundred day simple moving average of $81.00.

Zeta Network Group (NASDAQ:ZNB) last posted its earnings results on Thursday, June 18th. The company reported ($681.24) earnings per share for the quarter. The company had revenue of $8.45 million during the quarter.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Zeta Network Group to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed 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 MarketBeat, Zeta Network Group presently 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.