Zentek Ltd. (NASDAQ:ZTEK) Short Interest Down 94.2% in June

Zentek Ltd. (NASDAQ:ZTEK) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 45,147 shares, a decrease of 94.2% from the May 31st total of 775,967 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 136,768 shares, the short-interest ratio is presently 0.3 days.

Zentek Trading Up 25.6%

Zentek stock opened at $0.49 on Friday. The business has a 50-day simple moving average of $0.56 and a two-hundred day simple moving average of $0.63. The company has a market cap of $62.01 million, a P/E ratio of -6.99 and a beta of 0.46. Zentek has a 52-week low of $0.37 and a 52-week high of $1.34. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.14.

Zentek (NASDAQ:ZTEK) last issued its quarterly earnings data on Thursday, June 25th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.31 million. Zentek had a negative net margin of 5,848.76% and a negative return on equity of 77.35%.

Wall Street Analyst Weigh In

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

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.