Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a large increase in short interest during the month of 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. Based on an average daily volume of 133,575 shares, the short-interest ratio is currently 5.8 days. Approximately 0.7% of the shares of the company are short sold.

Zentek Stock Down 3.3%

Zentek stock opened at $0.45 on Thursday. The firm’s fifty day simple moving average is $0.59 and its 200-day simple moving average is $0.66. Zentek has a 1-year low of $0.40 and a 1-year high of $1.50. The company 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 current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

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, the company currently 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.