Zentek Ltd. (NASDAQ:ZTEK – Get Rating) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 23,000 shares, a growth of 283.3% from the January 15th total of 6,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 23,300 shares, the short-interest ratio is presently 1.0 days.
Zentek Price Performance
Shares of NASDAQ ZTEK traded up $0.00 during midday trading on Friday, reaching $1.68. The company's stock had a trading volume of 1,909 shares, compared to its average volume of 22,661. Zentek has a 12-month low of $1.28 and a 12-month high of $3.78. The firm has a 50 day moving average price of $1.56 and a 200-day moving average price of $1.71.
Get Zentek alerts:Zentek (NASDAQ:ZTEK – Get Rating) last announced its earnings results on Monday, November 14th. The company reported ($0.03) earnings per share for the quarter. Zentek had a negative return on equity of 405.71% and a negative net margin of 1,617.24%.
Hedge Funds Weigh In On Zentek
A number of hedge funds and other institutional investors have recently modified their holdings of ZTEK. JPMorgan Chase & Co. purchased a new position in Zentek in the first quarter valued at approximately $25,000. Cutter & CO Brokerage Inc. purchased a new position in Zentek in the second quarter valued at approximately $27,000. Cambridge Investment Research Advisors Inc. purchased a new position in Zentek in the first quarter valued at approximately $32,000. Bank of Montreal Can purchased a new position in Zentek in the first quarter valued at approximately $199,000. Finally, Royal Bank of Canada bought a new stake in Zentek during the 1st quarter valued at $247,000. Hedge funds and other institutional investors own 0.71% of the company's stock.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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