Zentek Ltd. (NASDAQ:ZTEK) Sees Large Growth in Short Interest

Zentek Ltd. (NASDAQ:ZTEK) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 775,967 shares, a growth of 242.7% from the May 14th total of 226,459 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 133,575 shares, the short-interest ratio is currently 5.8 days.

Analyst Upgrades and Downgrades

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

Zentek Trading Up 3.8%

NASDAQ:ZTEK traded up $0.02 on Friday, reaching $0.46. 309,675 shares of the stock traded hands, compared to its average volume of 155,280. The firm has a market capitalization of $49.64 million, a price-to-earnings ratio of -9.14 and a beta of 0.46. The company’s 50 day moving average is $0.58 and its 200-day moving average is $0.65. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14. Zentek has a 1-year low of $0.40 and a 1-year high of $1.50.

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.