Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Zentek Ltd. (NASDAQ:ZTEK – Get Free Report) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 45,147 shares, a drop of 94.2% from the May 31st total of 775,967 shares. Based on an average daily trading volume, of 136,768 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zentek in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zentek has a consensus rating of “Sell”.

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Zentek Price Performance

ZTEK traded down $0.03 on Thursday, reaching $0.39. The company had a trading volume of 99,153 shares, compared to its average volume of 213,319. Zentek has a 52-week low of $0.37 and a 52-week high of $1.35. The company has a market cap of $49.38 million, a price-to-earnings ratio of -7.80 and a beta of 0.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.74 and a current ratio of 1.00. The business has a 50 day simple moving average of $0.56 and a 200 day simple moving average of $0.63.

Zentek (NASDAQ:ZTEK – Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Zentek had a negative net margin of 875.49% and a negative return on equity of 60.84%.

About Zentek

(Get Free Report)

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.

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