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

ZenaTech, Inc. (NASDAQ:ZENA) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,947,623 shares, a decline of 15.0% from the February 26th total of 2,290,573 shares. Based on an average daily trading volume, of 1,199,669 shares, the days-to-cover ratio is currently 1.6 days. Currently, 8.7% of the company’s shares are sold short.

Institutional Trading of ZenaTech

A number of large investors have recently modified their holdings of ZENA. Geode Capital Management LLC purchased a new position in ZenaTech in the second quarter worth approximately $64,000. XTX Topco Ltd purchased a new stake in shares of ZenaTech in the 2nd quarter valued at approximately $53,000. Vontobel Holding Ltd. purchased a new stake in shares of ZenaTech in the 3rd quarter valued at approximately $79,000. Citizens Financial Group Inc. RI acquired a new stake in shares of ZenaTech in the 3rd quarter valued at $144,000. Finally, Wealth Effects LLC acquired a new stake in shares of ZenaTech in the 3rd quarter valued at $110,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ZenaTech in a research note 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.00.

ZenaTech Stock Performance

Shares of ZENA stock opened at $2.28 on Wednesday. ZenaTech has a fifty-two week low of $1.82 and a fifty-two week high of $7.11. The company has a 50 day moving average price of $2.85 and a 200 day moving average price of $3.74. The stock has a market capitalization of $51.30 million, a P/E ratio of -5.85 and a beta of 14.26.

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.