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

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

Zentek Stock Up 4.5 %

NASDAQ:ZTEK opened at $1.16 on Thursday. The company has a market cap of $120.78 million, a price-to-earnings ratio of -14.50 and a beta of 0.98. Zentek has a twelve month low of $0.50 and a twelve month high of $1.48. 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 has a fifty day simple moving average of $1.06 and a 200-day simple moving average of $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.