Short Interest in Zentek Ltd. (NASDAQ:ZTEK) Drops By 15.1%

Zentek Ltd. (NASDAQ:ZTEK - Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 448,600 shares, a drop of 15.1% from the December 31st total of 528,400 shares. Currently, 0.5% of the company's stock are short sold. Based on an average daily volume of 49,300 shares, the days-to-cover ratio is presently 9.1 days.

Zentek Stock Down 5.2 %

Zentek stock traded down $0.06 during trading hours on Thursday, hitting $1.10. The company had a trading volume of 27,568 shares, compared to its average volume of 57,630. Zentek has a fifty-two week low of $0.50 and a fifty-two week high of $1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.06 and a quick ratio of 1.63. The firm has a market capitalization of $114.53 million, a P/E ratio of -13.75 and a beta of 0.98. The firm's fifty day moving average is $1.06 and its 200-day moving average is $0.93.

About Zentek

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.