Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Expands By 43.1%

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 121,580 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 121,580 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Zentek Stock Down 7.4%

Shares of Zentek stock opened at $0.69 on Friday. Zentek has a 12-month low of $0.62 and a 12-month high of $1.84. The firm has a market capitalization of $73.60 million, a PE ratio of -13.70 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $0.76 and its 200-day moving average is $0.80.

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.