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

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 808,308 shares, a growth of 1,012.4% from the February 12th total of 72,661 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 1,170,994 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 1,170,994 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.8% of the company’s stock are short sold.

Zentek Stock Up 0.5%

Shares of ZTEK stock opened at $0.65 on Wednesday. Zentek has a fifty-two week low of $0.54 and a fifty-two week high of $1.84. The firm has a market capitalization of $70.23 million, a PE ratio of -13.04 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.74 and a current ratio of 1.00. The stock’s 50-day simple moving average is $0.71 and its 200-day simple moving average is $0.76.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat.com, the company has a consensus 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.