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

Zentek Ltd. (NASDAQ:ZTEK) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 37,725 shares, a decline of 35.1% from the December 15th total of 58,139 shares. Based on an average daily volume of 51,353 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 51,353 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zentek in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Zentek currently has a consensus rating of “Sell”.

Zentek Trading Down 3.6%

Shares of Zentek stock traded down $0.03 during trading on Friday, hitting $0.84. 219,730 shares of the company were exchanged, compared to its average volume of 81,190. The firm has a market capitalization of $90.30 million, a P/E ratio of -16.82 and a beta of 0.41. The firm’s fifty day moving average price is $0.75 and its 200 day moving average price is $0.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.79 and a quick ratio of 0.53. Zentek has a 1-year low of $0.62 and a 1-year high of $1.84.

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.