Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Expands By 23.5%

Zentek Ltd. (NASDAQ:ZTEK) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 89,919 shares, a growth of 23.5% from the March 31st total of 72,781 shares. Based on an average trading volume of 99,450 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

Zentek Stock Performance

NASDAQ:ZTEK traded up $0.03 during mid-day trading on Thursday, hitting $0.45. The stock had a trading volume of 7,987 shares, compared to its average volume of 225,972. The stock has a market capitalization of $48.74 million, a price-to-earnings ratio of -9.04 and a beta of 0.47. The company has a 50 day simple moving average of $0.56 and a 200-day simple moving average of $0.69. Zentek has a 52 week low of $0.40 and a 52 week high of $1.84. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zentek in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.