Zentek Ltd. (NASDAQ:ZTEK – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 226,459 shares, a growth of 205.4% from the April 30th total of 74,157 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 266,468 shares, the short-interest ratio is currently 0.8 days.
Zentek Stock Performance
NASDAQ ZTEK opened at $0.59 on Friday. The company has a market capitalization of $64.49 million, a price-to-earnings ratio of -11.87 and a beta of 0.33. Zentek has a twelve month low of $0.40 and a twelve month high of $1.59. The stock has a fifty day simple moving average of $0.59 and a 200 day simple moving average of $0.67. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.14.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zentek 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.
Featured Articles
- Five stocks we like better than Zentek
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Receive News & Ratings for Zentek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zentek and related companies with MarketBeat.com's FREE daily email newsletter.
