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

Zentek Ltd. (NASDAQ:ZTEK) saw 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. 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 sold short.

Zentek Stock Performance

ZTEK opened at $0.98 on Friday. The firm has a market capitalization of $102.04 million, a price-to-earnings ratio of -12.25 and a beta of 0.98. Zentek has a one year low of $0.50 and a one year high of $1.48. The business has a 50 day simple moving average of $1.04 and a two-hundred day simple moving average of $0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.06 and a quick ratio of 1.63.

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.