Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Zentek Ltd. (NASDAQ:ZTEK) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 182,989 shares, a growth of 305.3% from the June 15th total of 45,147 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 380,397 shares, the short-interest ratio is currently 0.5 days.

Zentek Price Performance

Zentek stock traded up $0.00 during midday trading on Monday, hitting $0.48. 62,494 shares of the company’s stock were exchanged, compared to its average volume of 226,436. The company has a market cap of $60.75 million, a P/E ratio of -6.85 and a beta of 0.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.53 and a current ratio of 0.64. The stock has a 50-day moving average price of $0.56 and a two-hundred day moving average price of $0.61. Zentek has a 52-week low of $0.37 and a 52-week high of $1.24.

Zentek (NASDAQ:ZTEK) last released its quarterly earnings results on Thursday, June 25th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Zentek had a negative net margin of 5,848.76% and a negative return on equity of 81.95%. The business had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.24 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zentek in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zentek currently has a consensus rating of “Sell”.

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.