Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Drops By 35.1%

Zentek Ltd. (NASDAQ:ZTEK) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 37,725 shares, a decline of 35.1% from the December 15th total of 58,139 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 51,353 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 51,353 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Zentek Stock Performance

Shares of ZTEK opened at $0.87 on Friday. The company has a market capitalization of $93.63 million, a price-to-earnings ratio of -17.44 and a beta of 0.41. Zentek has a 52-week low of $0.62 and a 52-week high of $1.84. 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 has a 50 day moving average price of $0.75 and a 200 day moving average price of $0.82.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Zentek 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.