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

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

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 42,254 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $2.87, for a total transaction of $121,268.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 38.90% of the company’s stock.

Hedge Funds Weigh In On Zeta Network Group

A hedge fund recently bought a new position 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 filing with the SEC. The fund bought 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 SEC. Institutional investors own 3.44% of the company’s stock.

Wall Street Analyst Weigh In

ZNB has been the subject of a number of recent analyst reports. Wall Street Zen raised Zeta Network Group to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Zeta Network Group in a research note on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Zeta Network Group Trading Down 11.1%

Shares of ZNB opened at $2.08 on Friday. Zeta Network Group has a fifty-two week low of $1.80 and a fifty-two week high of $4,184.00. The company’s fifty day moving average is $4.35 and its two-hundred day moving average is $80.45.

Zeta Network Group (NASDAQ:ZNB) last issued 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.

Zeta Network Group Company Profile

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.