Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Increases By 305.3%

Zentek Ltd. (NASDAQ:ZTEK) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 182,989 shares, a growth of 305.3% from the June 15th total of 45,147 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 380,397 shares, the days-to-cover ratio is currently 0.5 days.

Zentek Price Performance

Shares of Zentek stock traded up $0.00 during trading on Monday, hitting $0.48. The stock had a trading volume of 62,494 shares, compared to its average volume of 266,222. The firm has a market cap of $60.75 million, a price-to-earnings ratio of -6.85 and a beta of 0.47. Zentek has a 12 month low of $0.37 and a 12 month high of $1.24. The business’s 50-day moving average is $0.56 and its 200 day moving average is $0.61. The company has a current ratio of 0.64, a quick ratio of 0.53 and a debt-to-equity ratio of 0.18.

Zentek (NASDAQ:ZTEK) last announced its earnings results on Thursday, June 25th. The company reported ($0.03) earnings per share (EPS) 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 company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.24 million.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Zentek currently has an average 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.