Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Key Points

• Short interest plunged 81.2% in March to 151,978 shares (about 0.1% of shares outstanding), leaving a short-interest ratio of roughly 1.2 days based on average volume.
• Analyst sentiment and fundamentals are weak: Weiss Ratings reaffirmed a "Sell" rating and the stock trades around $0.59 with a $63.16M market cap, reported EPS of ($0.01) and a deeply negative net margin (-875.49%).

Zentek Ltd. (NASDAQ:ZTEK - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 151,978 shares, a drop of 81.2% from the February 26th total of 808,308 shares. Based on an average trading volume of 123,348 shares, the short-interest ratio is currently 1.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 123,348 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Zentek in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zentek currently has an average rating of "Sell".

Zentek Price Performance

ZTEK traded up $0.02 during trading on Tuesday, reaching $0.59. 12,617 shares of the company traded hands, compared to its average volume of 285,775. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.74 and a current ratio of 1.00. Zentek has a 12-month low of $0.54 and a 12-month high of $1.84. The firm has a fifty day simple moving average of $0.68 and a 200 day simple moving average of $0.75. The company has a market cap of $63.16 million, a P/E ratio of -11.72 and a beta of 0.41.

Zentek (NASDAQ:ZTEK - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported ($0.01) EPS for the quarter. The company had revenue of $0.05 million during the quarter. Zentek had a negative return on equity of 60.84% and a negative net margin of 875.49%.

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.

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