Zentek Ltd. (NASDAQ:ZTEK) Sees Large Decrease in Short Interest

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

Zentek Trading Up 1.8 %

Shares of ZTEK opened at $1.12 on Friday. Zentek has a twelve month low of $0.50 and a twelve month high of $1.48. The firm has a market capitalization of $116.60 million, a P/E ratio of -14.00 and a beta of 0.98. The company has a current ratio of 2.06, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $1.06 and its 200 day simple moving average is $0.93.

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.