Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Increases By 1,012.4%

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 808,308 shares, a growth of 1,012.4% from the February 12th total of 72,661 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 1,170,994 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 1,170,994 shares, the short-interest ratio is presently 0.7 days. Currently, 0.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zentek currently has an average rating of “Sell”.

Zentek Price Performance

NASDAQ:ZTEK traded up $0.00 during mid-day trading on Tuesday, reaching $0.65. The stock had a trading volume of 83,178 shares, compared to its average volume of 643,853. Zentek has a 12 month low of $0.54 and a 12 month high of $1.84. The stock has a market capitalization of $70.23 million, a PE ratio of -13.04 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 0.74. The stock has a 50-day simple moving average of $0.71 and a two-hundred day simple moving average of $0.76.

Zentek (NASDAQ:ZTEK) last released its earnings results on Tuesday, February 17th. The company reported ($0.01) earnings per share for the quarter. Zentek had a negative return on equity of 60.84% and a negative net margin of 875.49%.The business had revenue of $0.05 million for the quarter.

About Zentek

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.