ZenaTech, Inc. (NASDAQ:ZENA) Short Interest Update

ZenaTech, Inc. (NASDAQ:ZENA) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 801,346 shares, a drop of 18.0% from the November 30th total of 976,897 shares. Approximately 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 520,773 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 520,773 shares, the days-to-cover ratio is currently 1.5 days. Approximately 3.6% of the company’s shares are sold short.

ZenaTech Trading Down 9.6%

Shares of NASDAQ ZENA opened at $3.20 on Friday. The company has a 50 day simple moving average of $3.64 and a two-hundred day simple moving average of $4.51. The stock has a market cap of $72.00 million, a price-to-earnings ratio of -8.21 and a beta of 14.11. ZenaTech has a 12 month low of $1.82 and a 12 month high of $9.08.

ZenaTech (NASDAQ:ZENA) last issued its quarterly earnings data on Tuesday, November 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The firm had revenue of $3.16 million during the quarter, compared to analyst estimates of $3.09 million.

Institutional Trading of ZenaTech

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Delos Wealth Advisors LLC purchased a new position in shares of ZenaTech during the 3rd quarter worth $26,000. XTX Topco Ltd purchased a new stake in shares of ZenaTech in the second quarter valued at about $53,000. BNP Paribas Financial Markets acquired a new stake in ZenaTech during the third quarter worth about $62,000. Geode Capital Management LLC purchased a new position in ZenaTech during the second quarter worth about $64,000. Finally, Advisory Services Network LLC acquired a new position in ZenaTech in the 3rd quarter valued at about $65,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZenaTech in a research note on Wednesday, October 8th. 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, the company has an average rating of “Hold” and a consensus price target of $9.00.

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.