Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Grows By 66.0%

Zentek Ltd. (NASDAQ:ZTEK) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 303,793 shares, an increase of 66.0% from the June 30th total of 182,989 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 173,176 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zentek presently has an average rating of “Sell”.

Zentek Trading Up 0.3%

ZTEK opened at $0.55 on Friday. Zentek has a 12-month low of $0.37 and a 12-month high of $1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.64 and a quick ratio of 0.53. The stock has a market capitalization of $69.88 million, a PE ratio of -7.88 and a beta of 0.47. The firm’s fifty day moving average price is $0.50 and its 200 day moving average price is $0.59.

Zentek (NASDAQ:ZTEK) last issued its earnings results on Thursday, June 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Zentek had a negative net margin of 5,848.76% and a negative return on equity of 81.95%. The company had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.24 million.

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.