Zentek Ltd. (NASDAQ:ZTEK) Sees Large Decrease in Short Interest

Zentek Ltd. (NASDAQ:ZTEK) saw 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. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 136,768 shares, the days-to-cover ratio is presently 0.3 days.

Zentek Stock Performance

ZTEK traded down $0.03 on Thursday, hitting $0.39. The company’s stock had a trading volume of 99,153 shares, compared to its average volume of 213,319. Zentek has a 12 month low of $0.37 and a 12 month high of $1.35. The firm has a market cap of $49.38 million, a P/E ratio of -7.80 and a beta of 0.46. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. The company’s 50 day simple moving average is $0.56 and its 200-day simple moving average is $0.63.

Zentek (NASDAQ:ZTEK) last issued its earnings results on Thursday, June 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). Zentek had a negative net margin of 875.49% and a negative return on equity of 60.84%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zentek in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average 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.