ZenaTech, Inc. (NASDAQ:ZENA) Short Interest Update

ZenaTech, Inc. (NASDAQ:ZENA) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 270,500 shares, a decline of 67.4% from the September 15th total of 829,200 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 1,630,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 1,630,000 shares, the short-interest ratio is presently 0.2 days. Currently, 2.5% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of ZenaTech from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of ZenaTech in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.00.

ZenaTech Stock Performance

NASDAQ ZENA opened at $5.32 on Friday. ZenaTech has a 1 year low of $1.41 and a 1 year high of $12.43. The company has a fifty day moving average of $5.20 and a two-hundred day moving average of $4.09.

ZenaTech (NASDAQ:ZENA) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $1.62 million for the quarter.

Hedge Funds Weigh In On ZenaTech

Several large investors have recently bought and sold shares of the stock. DNB Asset Management AS purchased a new position in ZenaTech during the 2nd quarter worth $183,000. Janney Montgomery Scott LLC purchased a new position in ZenaTech during the 2nd quarter worth $69,000. Geode Capital Management LLC purchased a new position in ZenaTech during the 2nd quarter worth $64,000. Vontobel Holding Ltd. purchased a new position in ZenaTech during the 3rd quarter worth $79,000. Finally, XTX Topco Ltd purchased a new position in ZenaTech during the 2nd quarter worth $53,000.

About ZenaTech

ZenaTech, Inc, an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.