Zentek Ltd. (NASDAQ:ZTEK) Sees Significant Increase in Short Interest

Zentek Ltd. (NASDAQ:ZTEK) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 226,459 shares, a growth of 205.4% from the April 30th total of 74,157 shares. Based on an average daily volume of 266,468 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Zentek Stock Down 3.3%

Shares of NASDAQ ZTEK opened at $0.59 on Friday. The company has a 50 day simple moving average of $0.59 and a 200-day simple moving average of $0.67. The company has a market capitalization of $64.49 million, a P/E ratio of -11.87 and a beta of 0.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 0.74. Zentek has a 1 year low of $0.40 and a 1 year high of $1.59.

Analyst Ratings Changes

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