Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Rises By 78.1%

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 72,661 shares, a growth of 78.1% from the January 29th total of 40,804 shares. Based on an average daily volume of 68,400 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 68,400 shares, the days-to-cover ratio is currently 1.1 days.

Analysts Set New Price Targets

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

Zentek Trading Up 4.9%

Shares of ZTEK opened at $0.59 on Friday. Zentek has a 1-year low of $0.54 and a 1-year high of $1.84. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $0.71 and its 200-day moving average price is $0.77. The firm has a market capitalization of $63.46 million, a price-to-earnings ratio of -11.80 and a beta of 0.38.

Zentek (NASDAQ:ZTEK) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.01) EPS for the quarter. The company had revenue of $0.05 million during the quarter. Zentek had a negative return on equity of 60.84% and a negative net margin of 875.49%.

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.