Short Interest in ZenaTech, Inc. (NASDAQ:ZENA) Expands By 28.6%

ZenaTech, Inc. (NASDAQ:ZENA) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,470,147 shares, a growth of 28.6% from the January 15th total of 1,143,180 shares. Based on an average daily trading volume, of 1,564,525 shares, the short-interest ratio is presently 0.9 days. Approximately 6.5% of the shares of the stock are sold short. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,564,525 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ZenaTech in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.00.

ZenaTech Stock Down 0.4%

Shares of ZENA stock opened at $2.77 on Monday. The company’s fifty day simple moving average is $3.53 and its two-hundred day simple moving average is $4.29. ZenaTech has a 52 week low of $1.82 and a 52 week high of $7.11. The stock has a market cap of $70.91 million, a P/E ratio of -7.10 and a beta of 14.17.

Hedge Funds Weigh In On ZenaTech

Several institutional investors have recently added to or reduced their stakes in ZENA. Janney Montgomery Scott LLC bought a new stake in ZenaTech in the 2nd quarter worth approximately $69,000. Geode Capital Management LLC purchased a new position in shares of ZenaTech in the second quarter valued at $64,000. DNB Asset Management AS bought a new stake in ZenaTech in the second quarter worth $183,000. XTX Topco Ltd purchased a new stake in ZenaTech during the second quarter valued at $53,000. Finally, Vontobel Holding Ltd. purchased a new stake in ZenaTech during the third quarter valued at $79,000.

About ZenaTech

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.