Zentek Ltd. (NASDAQ:ZTEK) Sees Large Decline in Short Interest
by Renee Jackson · The Cerbat GemZentek Ltd. (NASDAQ:ZTEK – Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 72,781 shares, a decrease of 52.1% from the March 15th total of 151,978 shares. Based on an average trading volume of 50,325 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.1% of the shares of the company are sold short.
Zentek Price Performance
Shares of ZTEK stock traded down $0.03 during trading on Tuesday, hitting $0.51. The company had a trading volume of 236,250 shares, compared to its average volume of 243,637. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $0.60 and its two-hundred day moving average is $0.71. The stock has a market capitalization of $54.87 million, a price-to-earnings ratio of -10.18 and a beta of 0.47. Zentek has a 52 week low of $0.49 and a 52 week high of $1.84.
Zentek (NASDAQ:ZTEK – Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.01) earnings per share for the quarter. Zentek had a negative net margin of 875.49% and a negative return on equity of 60.84%. The company had revenue of $0.05 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zentek in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on ZTEK
Zentek Company Profile
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.