Zeta Network Group (NASDAQ:ZNB) Short Interest Update

Zeta Network Group (NASDAQ:ZNB) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 67,858 shares, a decrease of 37.9% from the August 15th total of 109,291 shares. Based on an average trading volume of 2,329,903 shares, the short-interest ratio is currently 0.0 days. Currently, 59.0% of the company’s stock are sold short.

Zeta Network Group Stock Down 5.7%

ZNB stock opened at $1.33 on Wednesday. Zeta Network Group has a twelve month low of $1.33 and a twelve month high of $4,184.00. The business’s 50-day moving average price is $2.34 and its 200-day moving average price is $20.91.

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

Insider Transactions at Zeta Network Group

In related news, major shareholder Financial Lp Hrt sold 42,254 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $2.87, for a total value of $121,268.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders acquired 36,455 shares of company stock valued at $38,277 and sold 99,936 shares valued at $150,459. Company insiders own 38.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZNB. 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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.