Zeta Network Group (NASDAQ:ZNB) Short Interest Up 206.2% in June

Zeta Network Group (NASDAQ:ZNB) saw a large increase in short interest during the month of 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 daily volume of 3,582,751 shares, the short-interest ratio is presently 0.1 days. Currently, 32.8% of the shares of the company are sold short.

Institutional Trading of Zeta Network Group

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ZNB shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a research note on Friday, April 24th. Wall Street Zen downgraded Zeta Network Group from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Zeta Network Group Stock Performance

Shares of Zeta Network Group stock opened at $0.64 on Friday. Zeta Network Group has a 52-week low of $0.52 and a 52-week high of $2,625.00. The stock’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $26.65.

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

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.