Zentek Ltd. (NASDAQ:ZTEK) Short Interest Up 43.1% in January

Zentek Ltd. (NASDAQ:ZTEK) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 53,991 shares, an increase of 43.1% from the December 31st total of 37,725 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 121,580 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 121,580 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Zentek Price Performance

ZTEK opened at $0.63 on Tuesday. The firm has a market cap of $68.16 million, a PE ratio of -12.69 and a beta of 0.38. The stock has a 50-day moving average price of $0.75 and a 200-day moving average price of $0.80. Zentek has a 1 year low of $0.62 and a 1 year high of $1.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.79 and a quick ratio of 0.53.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zentek 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.