Zentek Ltd. (NASDAQ:ZTEK – Get Rating) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 2,600 shares, a decrease of 79.4% from the February 28th total of 12,600 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is presently 0.1 days.
Zentek Stock Down 2.0 %
Shares of ZTEK opened at $1.47 on Tuesday. The company has a market capitalization of $146.22 million, a price-to-earnings ratio of -11.30 and a beta of 0.88. Zentek has a 52-week low of $1.28 and a 52-week high of $3.35. The stock has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.60.
Get Zentek alerts:Institutional Investors Weigh In On Zentek
Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in shares of Zentek during the 1st quarter worth approximately $25,000. Cambridge Investment Research Advisors Inc. acquired a new position in Zentek in the 1st quarter worth $32,000. Bank of Montreal Can acquired a new position in Zentek in the 1st quarter worth $199,000. Finally, Royal Bank of Canada bought a new stake in shares of Zentek in the 1st quarter worth about $247,000. 0.71% of the stock is owned by institutional investors and hedge funds.
Zentek Company Profile
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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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