Zentek Ltd. (NASDAQ:ZTEK) Sees Significant Increase in Short Interest

Zentek Ltd. (NASDAQ:ZTEK) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 182,989 shares, an increase of 305.3% from the June 15th total of 45,147 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 380,397 shares, the days-to-cover ratio is presently 0.5 days.

Zentek Stock Up 0.7%

Shares of ZTEK opened at $0.48 on Tuesday. The company’s 50-day simple moving average is $0.56 and its 200-day simple moving average is $0.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.53 and a current ratio of 0.64. Zentek has a 1 year low of $0.37 and a 1 year high of $1.24. The stock has a market capitalization of $60.75 million, a PE ratio of -6.85 and a beta of 0.47.

Zentek (NASDAQ:ZTEK) last announced its 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 return on equity of 81.95% and a negative net margin of 5,848.76%.The business had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.24 million.

Analyst Upgrades and Downgrades

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