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

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

Zentek Stock Up 20.4 %

ZTEK stock opened at $1.18 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 $122.85 million, a PE ratio of -14.75 and a beta of 0.98. The company has a quick ratio of 1.63, a current ratio of 2.06 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $1.05 and a two-hundred day simple moving average of $0.92.

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.