ZenaTech, Inc. (NASDAQ:ZENA) Short Interest Up 21.7% in March

ZenaTech, Inc. (NASDAQ:ZENA) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,369,338 shares, an increase of 21.7% from the March 15th total of 1,947,623 shares. Currently, 10.5% of the shares of the stock are sold short. Based on an average trading volume of 2,309,296 shares, the days-to-cover ratio is currently 1.0 days.

ZenaTech Price Performance

ZenaTech stock opened at $2.11 on Friday. The stock has a 50-day simple moving average of $2.42 and a 200 day simple moving average of $3.48. ZenaTech has a 12-month low of $1.95 and a 12-month high of $7.11. The stock has a market capitalization of $47.48 million, a price-to-earnings ratio of -5.41 and a beta of 12.32.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Delos Wealth Advisors LLC acquired a new position in ZenaTech during the third quarter valued at approximately $26,000. Barclays PLC raised its holdings in ZenaTech by 208.5% in the fourth quarter. Barclays PLC now owns 11,163 shares of the company’s stock worth $36,000 after purchasing an additional 7,544 shares during the period. Focus Financial Network Inc. acquired a new stake in ZenaTech in the fourth quarter worth $33,000. BNP Paribas Financial Markets acquired a new stake in ZenaTech in the third quarter worth $62,000. Finally, Advisory Services Network LLC acquired a new stake in ZenaTech in the third quarter worth $65,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of ZenaTech in a report on Wednesday, January 21st. Wall Street Zen cut ZenaTech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.