ZenaTech, Inc. (NASDAQ:ZENA) Short Interest Update
by Amy Steele · The Cerbat GemZenaTech, Inc. (NASDAQ:ZENA – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,143,180 shares, an increase of 41.5% from the December 31st total of 807,981 shares. Based on an average trading volume of 1,313,265 shares, the short-interest ratio is presently 0.9 days. Currently, 5.1% of the company’s shares are short sold. Currently, 5.1% of the company’s shares are short sold. Based on an average trading volume of 1,313,265 shares, the short-interest ratio is presently 0.9 days.
Institutional Trading of ZenaTech
Hedge funds and other institutional investors have recently made changes to their positions in the business. DNB Asset Management AS grew its position in ZenaTech by 194.9% during the 3rd quarter. DNB Asset Management AS now owns 145,470 shares of the company’s stock worth $698,000 after purchasing an additional 96,141 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of ZenaTech during the third quarter worth $604,000. Vident Advisory LLC purchased a new stake in shares of ZenaTech during the third quarter valued at $534,000. Wealth Effects LLC increased its position in shares of ZenaTech by 108.7% in the 4th quarter. Wealth Effects LLC now owns 48,000 shares of the company’s stock valued at $154,000 after acquiring an additional 25,000 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of ZenaTech in the 3rd quarter valued at $144,000.
ZenaTech Stock Performance
Shares of NASDAQ ZENA opened at $3.38 on Monday. ZenaTech has a 52-week low of $1.82 and a 52-week high of $7.11. The firm has a market capitalization of $76.05 million, a price-to-earnings ratio of -8.67 and a beta of 14.17. The stock has a 50 day moving average price of $3.61 and a 200 day moving average price of $4.47.
ZenaTech (NASDAQ:ZENA – Get Free Report) last released its quarterly earnings data on Tuesday, November 11th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The company had revenue of $3.16 million during the quarter, compared to analysts’ expectations of $3.09 million.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZenaTech in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ZenaTech has a consensus rating of “Hold” and a consensus price target of $9.00.
Read Our Latest Analysis on ZENA
ZenaTech Company Profile
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.