Zentek Ltd. (NASDAQ:ZTEK) Short Interest Up 66.0% in July

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of 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. Based on an average trading volume of 173,176 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.2% of the shares of the company are sold short.

Zentek Trading Up 0.3%

Zentek stock opened at $0.55 on Friday. The firm’s 50 day moving average price is $0.50 and its two-hundred day moving average price is $0.59. The firm has a market cap of $69.88 million, a price-to-earnings ratio of -7.88 and a beta of 0.47. 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.

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

Wall Street Analyst Weigh In

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