Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Zentek Ltd. (NASDAQ:ZTEK) was the target 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. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 133,575 shares, the short-interest ratio is currently 5.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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.com, the stock currently has a consensus rating of “Sell”.

Zentek Stock Down 3.3%

ZTEK stock opened at $0.45 on Thursday. The business has a 50-day moving average of $0.59 and a 200-day moving average of $0.66. Zentek has a fifty-two week low of $0.40 and a fifty-two week high of $1.50. The stock has a market capitalization of $48.99 million, a P/E ratio of -9.02 and a beta of 0.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 0.74.

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.