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

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

Zentek Trading Down 3.0 %

Shares of ZTEK opened at $0.98 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. Zentek has a one year low of $0.50 and a one year high of $1.48. The company’s fifty day moving average price is $1.04 and its 200 day moving average price is $0.92.

Zentek Company Profile

(Get Free Report)

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.

Further Reading

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