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

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 40,804 shares, a decrease of 24.4% from the January 15th total of 53,991 shares. Based on an average trading volume of 81,978 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 81,978 shares, the short-interest ratio is presently 0.5 days.

Zentek Price Performance

Shares of ZTEK opened at $0.64 on Monday. Zentek has a fifty-two week low of $0.62 and a fifty-two week high of $1.84. The firm’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $0.78. The stock has a market cap of $69.03 million, a PE ratio of -12.84 and a beta of 0.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.53 and a current ratio of 0.79.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average 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.