Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

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

Zentek Trading Up 23.2%

Shares of ZTEK opened at $0.68 on Friday. The firm has a market capitalization of $86.10 million, a P/E ratio of -9.71 and a beta of 0.47. Zentek has a 12-month low of $0.37 and a 12-month high of $1.24. The company has a current ratio of 0.64, a quick ratio of 0.53 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $0.50 and a 200 day moving average price of $0.59.

Zentek (NASDAQ:ZTEK) last posted its earnings results on Thursday, June 25th. The company reported ($0.03) 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 business had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.24 million.

Analysts Set New Price Targets

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

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.