ZenaTech, Inc. (NASDAQ:ZENA) Sees Large Growth in Short Interest

ZenaTech, Inc. (NASDAQ:ZENA) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,143,180 shares, a growth of 41.5% from the December 31st total of 807,981 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average daily volume of 1,313,265 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 1,313,265 shares, the short-interest ratio is presently 0.9 days. Currently, 5.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ZenaTech in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. DNB Asset Management AS acquired a new stake in shares of ZenaTech during the second quarter valued at about $183,000. Janney Montgomery Scott LLC acquired a new stake in ZenaTech in the 2nd quarter valued at approximately $69,000. Vident Advisory LLC purchased a new stake in ZenaTech in the third quarter valued at approximately $534,000. BNP Paribas Financial Markets purchased a new stake in ZenaTech in the third quarter valued at approximately $62,000. Finally, XTX Topco Ltd acquired a new position in ZenaTech during the second quarter worth $53,000.

ZenaTech Stock Performance

ZENA stock opened at $3.38 on Friday. ZenaTech has a one year low of $1.82 and a one year high of $7.11. The firm has a market cap of $76.05 million, a PE ratio of -8.67 and a beta of 14.16. The firm’s 50 day moving average price is $3.61 and its 200-day moving average price is $4.48.

ZenaTech (NASDAQ:ZENA) last posted its earnings results 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 business had revenue of $3.16 million during the quarter, compared to the consensus estimate of $3.09 million.

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.