Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Rises By 242.7%

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 775,967 shares, an increase of 242.7% from the May 14th total of 226,459 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 133,575 shares, the days-to-cover ratio is currently 5.8 days.

Analyst Ratings Changes

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

Zentek Price Performance

Shares of ZTEK traded up $0.02 during trading hours on Friday, hitting $0.46. 283,123 shares of the company were exchanged, compared to its average volume of 216,494. 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 has a fifty-two week low of $0.40 and a fifty-two week high of $1.50. The company has a market cap of $50.18 million, a price-to-earnings ratio of -9.24 and a beta of 0.46. The firm’s fifty day moving average is $0.58 and its 200 day moving average is $0.65.

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.