Zentek Ltd. (NASDAQ:ZTEK – Get Free Report) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 148,000 shares, a decline of 25.1% from the February 13th total of 197,500 shares. Based on an average daily volume of 45,800 shares, the short-interest ratio is currently 3.2 days. Approximately 0.2% of the company’s stock are short sold.
Zentek Stock Performance
Shares of ZTEK opened at $0.92 on Friday. The company’s 50 day moving average price is $1.05 and its 200 day moving average price is $0.95. Zentek has a 52 week low of $0.50 and a 52 week high of $1.34. The company has a market capitalization of $95.76 million, a PE ratio of -13.11 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 1.83.
Zentek (NASDAQ:ZTEK – Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.01) EPS for the quarter. Zentek had a negative return on equity of 58.13% and a negative net margin of 16,555.32%.
Institutional Trading of Zentek
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.
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