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

ZenaTech, Inc. (NASDAQ:ZENA) saw a significant growth in short interest during the month of 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 volume of 1,564,525 shares, the days-to-cover ratio is currently 0.9 days. Currently, 6.5% of the shares of the company are short sold. Currently, 6.5% of the shares of the company are short sold. Based on an average daily volume of 1,564,525 shares, the days-to-cover ratio is currently 0.9 days.

ZenaTech Trading Down 0.4%

ZENA opened at $2.77 on Monday. The firm’s 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $4.29. The company has a market capitalization of $70.91 million, a PE ratio of -7.10 and a beta of 14.17. ZenaTech has a 1-year low of $1.82 and a 1-year high of $7.11.

Wall Street Analyst Weigh In

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

Institutional Trading of ZenaTech

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of ZenaTech during the 3rd quarter valued at about $604,000. Vident Advisory LLC purchased a new position in ZenaTech during the third quarter valued at approximately $534,000. DNB Asset Management AS lifted its holdings in ZenaTech by 194.9% during the third quarter. DNB Asset Management AS now owns 145,470 shares of the company’s stock valued at $698,000 after purchasing an additional 96,141 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of ZenaTech in the third quarter worth $144,000. Finally, Virtu Financial LLC bought a new stake in shares of ZenaTech during the 3rd quarter valued at $135,000.

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.