When I use a wayshrine and show up in the new location the information bar doesn't update. I ran around for a while and still didn't update. I waited at the wayshrine for several minutes and it didn't update. I went into settings for the information bar and only when I chose a different zone format did it finally update.
Here is a screenshot of it in action. I am in Alik'r Desert but the bar shows Bangkorai:
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