Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Zentek Ltd. (NASDAQ:ZTEK) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 808,308 shares, a growth of 1,012.4% from the February 12th total of 72,661 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 1,170,994 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 1,170,994 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.8% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a report on Wednesday, January 21st. 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”.

Zentek Stock Performance

Shares of NASDAQ ZTEK traded up $0.00 during trading hours on Tuesday, reaching $0.65. 83,178 shares of the stock were exchanged, compared to its average volume of 643,853. The stock’s fifty day simple moving average is $0.71 and its 200 day simple moving average is $0.76. The firm has a market capitalization of $70.23 million, a price-to-earnings ratio of -13.04 and a beta of 0.41. Zentek has a 52 week low of $0.54 and a 52 week high of $1.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.74 and a current ratio of 1.00.

Zentek (NASDAQ:ZTEK) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.01) EPS 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%.

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.