Zeta Network Group (NASDAQ:ZNB) Short Interest Up 109.6% in July

Zeta Network Group (NASDAQ:ZNB) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 205,100 shares, a growth of 109.6% from the June 30th total of 97,855 shares. Currently, 22.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,109,979 shares, the days-to-cover ratio is presently 0.1 days.

Zeta Network Group Stock Down 18.1%

Shares of NASDAQ:ZNB traded down $0.53 during midday trading on Wednesday, hitting $2.40. The company had a trading volume of 250,515 shares, compared to its average volume of 128,173. Zeta Network Group has a 12 month low of $1.83 and a 12 month high of $17,368.00. The firm has a fifty day simple moving average of $7.16 and a 200 day simple moving average of $126.70.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zeta Network Group in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Zeta Network Group

An institutional investor recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP bought a new position in shares of Zeta Network Group (NASDAQ:ZNB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned about 0.39% of Zeta Network Group at the end of the most recent quarter. 3.44% of the stock is owned by institutional investors.

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.