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

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

Zentek Trading Down 3.3%

ZTEK opened at $0.59 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 0.74. The company’s 50 day simple moving average is $0.59 and its two-hundred day simple moving average is $0.67. Zentek has a 1-year low of $0.40 and a 1-year high of $1.59. The firm has a market capitalization of $64.49 million, a price-to-earnings ratio of -11.87 and a beta of 0.33.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, the company presently 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.