Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Drops By 35.1%

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 37,725 shares, a decrease of 35.1% from the December 15th total of 58,139 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 51,353 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 51,353 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Zentek Price Performance

Zentek stock opened at $0.87 on Friday. Zentek has a 52 week low of $0.62 and a 52 week high of $1.84. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $0.75 and its 200 day simple moving average is $0.82. The firm has a market capitalization of $93.63 million, a PE ratio of -17.44 and a beta of 0.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zentek in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Zentek presently has an average rating of “Sell”.

Zentek Company Profile

Zentek Ltd. (NASDAQ: ZTEK) is a nanotechnology company headquartered in Vancouver, British Columbia, specializing in the development and commercialization of advanced polymer and coating technologies. The company’s core focus is on materials engineered to enhance thermal management, structural performance and acoustic properties across a variety of end markets. By leveraging proprietary polymer chemistry, Zentek designs solutions that address critical performance challenges in energy storage, electronics and safety applications.

Zentek’s product portfolio includes phase-change materials and flexible polymer foams tailored for battery and power electronics thermal management in electric vehicles and stationary energy storage systems.