Zentek Ltd. (NASDAQ:ZTEK - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 72,100 shares, a drop of 26.1% from the April 30th total of 97,500 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 49,100 shares, the days-to-cover ratio is presently 1.5 days.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ZTEK. Scotia Capital Inc. raised its stake in shares of Zentek by 5.7% in the fourth quarter. Scotia Capital Inc. now owns 958,771 shares of the company's stock worth $867,000 after buying an additional 51,744 shares during the period. Two Sigma Securities LLC bought a new stake in Zentek during the 4th quarter valued at approximately $31,000. Finally, Anson Funds Management LP bought a new stake in Zentek during the 4th quarter valued at approximately $145,000. Institutional investors own 0.77% of the company's stock.
Zentek Stock Performance
Shares of NASDAQ ZTEK remained flat at $1.52 during trading on Monday. The stock had a trading volume of 36,567 shares, compared to its average volume of 43,644. The company has a 50 day simple moving average of $1.35 and a 200 day simple moving average of $1.16. The company has a quick ratio of 1.48, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. Zentek has a 1 year low of $0.50 and a 1 year high of $1.84. The company has a market capitalization of $159.12 million, a price-to-earnings ratio of -21.71 and a beta of 0.73.
Zentek Company Profile
(
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Zentek Ltd., together with its subsidiaries, engages in the research and development of graphene and related nanomaterials in Canada. The company develops graphene-based antimicrobial coating under the ZenGUARD brand, surgical masks, HVAC filters, personal protective equipment, rapid detection point of care diagnostics tests, and pharmaceutical products based on graphene-based compounds.
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