Zentek Ltd. (NASDAQ:ZTEK) Short Interest Update

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

Zentek Stock Performance

ZTEK stock remained flat at $0.98 during mid-day trading on Thursday. 7,930 shares of the company's stock were exchanged, compared to its average volume of 52,173. Zentek has a 52 week low of $0.50 and a 52 week high of $1.48. The stock has a 50-day moving average of $1.04 and a two-hundred day moving average of $0.92. The stock has a market capitalization of $102.04 million, a P/E ratio of -12.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 2.06.

Zentek Company Profile

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.