Zentek Ltd. (NASDAQ:ZTEK – Get Rating) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 23,000 shares, an increase of 283.3% from the January 15th total of 6,000 shares. Based on an average daily trading volume, of 23,300 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada bought a new position in shares of Zentek during the 1st quarter worth about $247,000. Bank of Montreal Can bought a new stake in Zentek in the first quarter valued at about $199,000. Cambridge Investment Research Advisors Inc. bought a new stake in Zentek in the first quarter valued at about $32,000. JPMorgan Chase & Co. bought a new stake in Zentek in the first quarter valued at about $25,000. Finally, Scotia Capital Inc. increased its stake in Zentek by 1.8% in the second quarter. Scotia Capital Inc. now owns 483,735 shares of the company's stock valued at $872,000 after acquiring an additional 8,654 shares during the period. Institutional investors own 0.71% of the company's stock.
Get Zentek alerts:Zentek Stock Performance
Zentek stock opened at $1.68 on Friday. The firm's 50 day moving average price is $1.56 and its two-hundred day moving average price is $1.71. Zentek has a 1 year low of $1.28 and a 1 year high of $3.78. The firm has a market cap of $167.21 million, a price-to-earnings ratio of -12.92 and a beta of 0.91.
Zentek (NASDAQ:ZTEK – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported ($0.03) EPS for the quarter. Zentek had a negative return on equity of 405.71% and a negative net margin of 1,617.24%.Zentek Company Profile
(Get Rating)
Zentek Ltd. is an emerging high-tech nano-graphite and graphene materials company. It focuses on the development of Albany Graphite Deposit project. The company was founded on July 29, 2008 and is headquartered in Thunder Bay, Canada.
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