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

Zentek Ltd. (NASDAQ:ZTEK) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 151,978 shares, a decline of 81.2% from the February 26th total of 808,308 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 123,348 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 123,348 shares, the short-interest ratio is currently 1.2 days. Currently, 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Zentek Price Performance

Zentek stock traded up $0.02 during mid-day trading on Tuesday, reaching $0.59. 12,617 shares of the company’s stock traded hands, compared to its average volume of 285,775. The company has a market cap of $63.16 million, a price-to-earnings ratio of -11.72 and a beta of 0.41. The stock has a 50 day moving average of $0.68 and a two-hundred day moving average of $0.75. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. Zentek has a 12-month low of $0.54 and a 12-month high of $1.84.

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

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.