Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Zentek Ltd. (NASDAQ:ZTEK) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 182,989 shares, a growth of 305.3% from the June 15th total of 45,147 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 380,397 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Zentek Stock Performance

Zentek stock traded up $0.00 during mid-day trading on Monday, reaching $0.48. The company’s stock had a trading volume of 62,494 shares, compared to its average volume of 226,436. The firm’s fifty day moving average price is $0.56 and its two-hundred day moving average price is $0.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.53 and a current ratio of 0.64. Zentek has a 12-month low of $0.37 and a 12-month high of $1.24. The company has a market capitalization of $60.75 million, a P/E ratio of -6.85 and a beta of 0.47.

Zentek (NASDAQ:ZTEK) last posted its earnings results on Thursday, June 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Zentek had a negative return on equity of 81.95% and a negative net margin of 5,848.76%.The company had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.24 million.

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.