Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 45,147 shares, a decrease of 94.2% from the May 31st total of 775,967 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 136,768 shares, the days-to-cover ratio is currently 0.3 days.

Zentek Stock Down 6.0%

Shares of ZTEK opened at $0.39 on Friday. The firm has a market cap of $49.38 million, a PE ratio of -7.80 and a beta of 0.46. The company’s fifty day moving average is $0.56 and its two-hundred day moving average is $0.63. Zentek has a fifty-two week low of $0.37 and a fifty-two week high of $1.35. 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 (NASDAQ:ZTEK) last released its quarterly earnings data on Thursday, June 25th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Zentek had a negative return on equity of 60.84% and a negative net margin of 875.49%.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat.com, the company currently has an average 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.