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

ZenaTech, Inc. (NASDAQ:ZENA) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 136,100 shares, a decline of 49.7% from the September 30th total of 270,500 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On ZenaTech

Several institutional investors and hedge funds have recently made changes to their positions in ZENA. XTX Topco Ltd bought a new position in ZenaTech during the second quarter worth $53,000. Geode Capital Management LLC bought a new position in shares of ZenaTech during the 2nd quarter worth about $64,000. Janney Montgomery Scott LLC bought a new position in shares of ZenaTech during the 2nd quarter worth about $69,000. Vontobel Holding Ltd. bought a new position in shares of ZenaTech during the 3rd quarter worth about $79,000. Finally, Wealth Effects LLC bought a new position in shares of ZenaTech during the 3rd quarter worth about $110,000.

ZenaTech Stock Performance

NASDAQ:ZENA opened at $4.35 on Friday. The firm’s fifty day moving average is $5.18 and its 200-day moving average is $4.26. ZenaTech has a 52 week low of $1.41 and a 52 week high of $12.43. The firm has a market cap of $97.88 million and a P/E ratio of -31.07.

ZenaTech (NASDAQ:ZENA) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The business had revenue of $1.62 million for the quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZENA. Weiss Ratings restated a “sell (d-)” rating on shares of ZenaTech in a report on Wednesday, October 8th. Wall Street Zen lowered shares of ZenaTech from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.00.

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.