Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

Key Points

• Short interest fell 52.1% to 72,781 shares as of March 31, equal to about 0.1% of shares outstanding and a short-interest ratio of 1.4 days based on average daily volume.
• ZTEK shares opened at $0.55 with a 52-week range of $0.50–$1.84 and a market cap of ~$58.9M, while the company reported (‑$0.01) EPS, negative ROE (‑60.84%) and an extreme net margin (‑875.49%) on quarterly revenue of $0.05M.
• Analyst sentiment is negative: Weiss Ratings reiterated a sell and MarketBeat shows a consensus rating of "Sell."

Zentek Ltd. (NASDAQ:ZTEK - Get Free Report) was the target of a significant decrease in short interest in the month of 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. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 50,325 shares, the short-interest ratio is currently 1.4 days.

Zentek Stock Down 1.5%

Shares of ZTEK opened at $0.55 on Friday. Zentek has a 52 week low of $0.50 and a 52 week high of $1.84. 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 company has a market capitalization of $58.94 million, a price-to-earnings ratio of -10.94 and a beta of 0.47. The stock's 50-day moving average price is $0.60 and its 200-day moving average price is $0.72.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Zentek in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

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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